COSMO FIRST LTDLong
RSI Convergence in cosmo first
COSMO FIRST is at support daily TF.
and from the chart it is clear that RSI is making higher lows.
Moreover 100 EMA weekly TF (@821) is just below current market price.
Red flag (Risks) - The only red flag to consider before building any long position is that all 20, 50 moving averages are below 200 Day EMA.
Conclusion :- It can provide a good swing opportunity in upcoming days, but as it is an early entry SL is a must @830 .
and from the chart it is clear that RSI is making higher lows.
Moreover 100 EMA weekly TF (@821) is just below current market price.
Red flag (Risks) - The only red flag to consider before building any long position is that all 20, 50 moving averages are below 200 Day EMA.
Conclusion :- It can provide a good swing opportunity in upcoming days, but as it is an early entry SL is a must @830 .
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