The counter was gaining traction to bullish side, lately.
However, when the US jobless claims data hit the market, it took a dip.
Now, it has shrugged off the negative vibes and climbing up expecting a positive set of numbers from Australia.
Technically, it formed an inverse head and shoulder pattern and has broken the neckline.
Hence, we expect the bullish momentum to continue further.
However, when the US jobless claims data hit the market, it took a dip.
Now, it has shrugged off the negative vibes and climbing up expecting a positive set of numbers from Australia.
Technically, it formed an inverse head and shoulder pattern and has broken the neckline.
Hence, we expect the bullish momentum to continue further.