The trend looks very bullish clearing and holding above the 6845 level that I covered in my YouTube Video here: youtu.be/g8lhEqm84iQ . The 18 day sma is above the 50 day sma, signaling the trend is up.
I'm expecting a push towards the 7000 level (2/3 back from the ATH and reversal from the sell off) this week as long as we hold the 6775-6800 area. Might overshoot to the 200 day sma which is ~7050.
Of course always let price discovery be your guide :-).
I'm expecting a push towards the 7000 level (2/3 back from the ATH and reversal from the sell off) this week as long as we hold the 6775-6800 area. Might overshoot to the 200 day sma which is ~7050.
Of course always let price discovery be your guide :-).