CINF: might we see a counter rally?
A price action above 113.00 supports a bullish trend direction.
Increase long exposure for a break above 115.00 (just below its 23.6% Fibonacci retracement level).
The stop-loss is set at 111.00 (at its 50% retracement level).
The price action bounced from some almost oversold territory.
Remains above its 200-day simple moving average.
Remains a risky trade as the bounce can be truncated.
Increase long exposure for a break above 115.00 (just below its 23.6% Fibonacci retracement level).
The stop-loss is set at 111.00 (at its 50% retracement level).
The price action bounced from some almost oversold territory.
Remains above its 200-day simple moving average.
Remains a risky trade as the bounce can be truncated.