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JSW

JSW - Spotting buy oportunities

By crypto_poet
Updated
Two bullish scenarios based on previous price action. More probable red, and less probable blue. We are in oversold areas on daily RSI, on weekly JSW currently struggles with 200 W EMA - that is a really strong resistance. Once that is broken with confirmation I am switching from bear to bull. For now neutral post as situation is yet unclear.
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Quick Update: since I recently analyzed CRM the 200 W EMA refers to it - my mistake.
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Here's weekly. We're above 100 W EMA. The yellow circular areas suggest price retracement to this strong support (green).

snapshot
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Target reached - anticipated red scenario turned out (more-less) as expected.
Chart PatternsTechnical Indicatorsjsw

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