CML: building a base
A price action above its 200-day is building a base.
Hence, a price action above 3200, supports a bullish trend direction.
Further bullish confirmation for a break above 3300.
The first target is at 3400.
The second target is at 3300.
Stop-loss is at 3200 and then 3100.
A MACD bullish crossover (see the lower panel) might trigger such upside potential.
Hence, a price action above 3200, supports a bullish trend direction.
Further bullish confirmation for a break above 3300.
The first target is at 3400.
The second target is at 3300.
Stop-loss is at 3200 and then 3100.
A MACD bullish crossover (see the lower panel) might trigger such upside potential.
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