Hello everyone,
The aex has set a reversal bar on a weekly basis last week, this has also broken the falling (red trend line), with this there is a higher bottom in the longer time frame, we are at the bottom of a broadly rising trend channel, this will need support turn out, my expectation is further upside potential and an attack on the summit at 572, the MACD has also made a positive cross and the RSI with positive divergence.
Greetings TT
The aex has set a reversal bar on a weekly basis last week, this has also broken the falling (red trend line), with this there is a higher bottom in the longer time frame, we are at the bottom of a broadly rising trend channel, this will need support turn out, my expectation is further upside potential and an attack on the summit at 572, the MACD has also made a positive cross and the RSI with positive divergence.
Greetings TT
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.