India INDY ETF bounced off support
An interesting observation here...
The weekly chart for INDY has recent bullish candlestick patterns after bouncing off a long term support level at 41.50. This is the second test in 2022, and the bounce closed above the next (gap) resistance level, above 43. The technical indicators are turning bullish, as RPM tuned up for a crossover.
The daily chart shows the past two weeks series of higher lows and higher highs and a gap up, marubozu-like candlestick. Technical indicators crossed over bullish, and are supportive of a test on the EMA band.
Taken together, there appears to be a 8-15% upside off this support bounce.
Interesting time juncture...
Stay well and stay safe!
The weekly chart for INDY has recent bullish candlestick patterns after bouncing off a long term support level at 41.50. This is the second test in 2022, and the bounce closed above the next (gap) resistance level, above 43. The technical indicators are turning bullish, as RPM tuned up for a crossover.
The daily chart shows the past two weeks series of higher lows and higher highs and a gap up, marubozu-like candlestick. Technical indicators crossed over bullish, and are supportive of a test on the EMA band.
Taken together, there appears to be a 8-15% upside off this support bounce.
Interesting time juncture...
Stay well and stay safe!
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.