Following up from previous calls, we have seen the 2.80 resistance held on for more than 2 weeks with it not able to break though.
Has since been in the range of 2.73 to 2.80 for the last 2 weeks before a sell down today on the back of an update of it's strategic review of proposals received.
Hit a low of 2.55 today before some short covering. 2.55 would be a good support level which was where it started its ascent last month.
For illustration purpose only
May consolidate in the range of 2.55 to 2.70 for now before more direction.
From the system (See below), we actually had exit signals few days back – for the earlier bullish entry signals in Jan 2017. Whew.
As longer term trend is still up for now, we may start to see it consolidate before maybe another re-entry signal? PTI grads can check then if it happens :)
Click here to attend a FREE workshop to find out more on my 2 Core Strategies and systems - > http://bit.ly/2btxZNP
For illustration purpose only
No comments:
Post a Comment