Gold has a strong Horizontal support at 1477.5. Based on the 1-hour chart is forming a HH & HL and break above the down trend line & retest it and bound upwards, please do take note on the below Resistance R1 1536 R2 1600
A Dead Cat Bounce Sign has been sighted on DJ Future. A potential bounce to 26750 from previous resistance or Weekly EMA50 & also Day EMA200 27321 area and might drop back to 25400 to retest support if support broken might drop to Weekly EMA200 zone What you can do is a short term long and short when it hit resistance. *This is not a Financial Advice or a Buy Call*
The Average Volume of this 2 Green Candle is sort of weak, monitor 1 more trading day to confirm further upside Beware of potential MACD crossing down. RSI & smart money index is showing strength and more buying interest SL can set below 97.5 Price action for this counter always shows strong support & rebound on EMA20 Trading idea, you can buy based on...
15min Baba Chart showing uptrend with more buying interest but beware that RSI & MACD are slopping down. There will be 2 cases for this counter Either the price action will come down to test the Support at 195 or Open Gap up above 200. The only buy point is the good fundamental company, innovative idea and good business progression Hard Stop Lost can set at...
Double Top has been formed over here with falling indicator might indicate further downside. If break the up trend line might fall into correction mode between 14.5 - 15.8. Previous Resistance 14, can be your last support
Would like to see does the price action will hold above Down Trend line to create a 1st Higher Low and rebound with a long white to indicate a further upside Price action begins support by the lowest point in 20/1/2016 low - 5.80 with resistance at 6.8
28/11 Bullish Breakout with higher volume than average, bundle with recovery MACD & bullish RSI