Downtrend of CNERGY:PSXis expected to be over
CNERGY:PSX is presently in downtrend in 1D timeframe. However a bullish divergence on RSI indicates an end of existing trend and a likely bullish reversal. Long entry through buy stop has been marked above previous swing high. SL has been suitably placed below last LH. TP has been set @ 1:1 RRR.
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.
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.