Though stop out previously, yes price was rejected by 8&20ema
but price are in an uptrend channel and 2 consecutive inverted hammers appeared at the channel support.
I take this cue as bullish more than bearish. Plus, MACD not hitting zero, and RSI found support.
Long orders:
102-104
but price are in an uptrend channel and 2 consecutive inverted hammers appeared at the channel support.
I take this cue as bullish more than bearish. Plus, MACD not hitting zero, and RSI found support.
Long orders:
102-104
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BABA, bull flag
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