Date: 05 -09 July21
Monthly: Hammer with strong bullish rejection
Weekly: Bullish breakout R 320.57
Daily: Friday - small doji closed slightly above R 321.91
MA: Red / Blue
Volume: Low and moderate bullish volume
STO: Above overbought
Summary:
If the price remains above R 321.91, the price is looking to reach next R 328.51
Date: 05 - 09 July 21
Monthly: Bullish + New High
Weekly: Bullish + New high & try to reach R 145.11
Daily: Friday - Breakout Bullish
MA: Red / Blue + moving to cross-over
Pattern: Breakout Symmetrical triangle
STO: at the overbought area
Summary:
Bullish continuation expected to retrace at R 140.81 before rebounce.
Date: 28 - 02 July 21
Monthly: Bullish + New High
Weekly: Bullish + New high & try to reach R 135.14
Daily: Friday - Not able to continue with a new high, create new low and close with bearish CS
MA: Red / Blue + moving to cross-over
Pattern: Symmetrical triangle
STO: at the overbought area
Summary:
Price has been in Bullish trend for 4 weeks & breakout pattern....
Date: 29 - 02 July 21
Monthly: Bullish + New high
Weekly: Bullish + New high + BO Resistance
Daily: Friday - No new high, create new low + small bearish candle + volume bearish
MA: Blue / Red
STO: Over Bought
Summary:
The market still in a Bullish trend.
Bullish momentum weak on last Friday with STO
at the overbought area.
If the price can't break Support 336.76...
