Just a small touch of 200 D MA, which is the first touch of the 200 D MA after oversold under 200 Days MA in April(It happened that 50 MA just cross under 200 MA)
Market might try to Backtest the 50 Days MA.
Could it be a Push Down To Buy(PDTB)?
Let's observe it.
Market might try to Backtest the 50 Days MA.
Could it be a Push Down To Buy(PDTB)?
Let's observe it.
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It looks like rejected the down trend. Maybe it want to challenge 1664 area.
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Strange bit(1713) and ask(1610) price
Strange bit(1713) and ask(1610) price
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As per previous comment "It looks like rejected the down trend. Maybe it want to challenge 1664 area."
Target Hit. Partial profit taking. Rest of the other rolling profit stop to 1610.
Target Hit. Partial profit taking. Rest of the other rolling profit stop to 1610.
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Trade Close
50 days MA cross above 700 days MA
A bullish signal.
Demand Zone.