Turning Bullish: Aegis Logistics
Aegis Logistics has been in a downtrend for more than a month.
The key support level 737 was broken in the first week of Oct 2024.
Another support of 711 was also broken.
However, 675 levels were held strongly with good volume.
It has turned bullish by trading around 50 EMA.
20 EMA (Black Line) trails behind 50 EMA (Orange Line).
We can confirm the bullish trend once the 20 EMA crosses above 50 EMA
It has to break the 530 level decisively to confirm the bullish trend.
The key support level 737 was broken in the first week of Oct 2024.
Another support of 711 was also broken.
However, 675 levels were held strongly with good volume.
It has turned bullish by trading around 50 EMA.
20 EMA (Black Line) trails behind 50 EMA (Orange Line).
We can confirm the bullish trend once the 20 EMA crosses above 50 EMA
It has to break the 530 level decisively to confirm the bullish trend.
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