IBULHSGFIN NEAR A SUPPORT. WILL IT HOLD AND REVERSE
IBULHSGFIN at an important support area around 246-253. Will it hold.
IBULHSGFIN has been ranging in a Channel Pattern exactly for a year making a 52 week High at 313.70. Now it is in a downward direction and very near the support. The RSI is also moving towards the oversold area. So we can expect a reversal in the near term for a short term target of 315.
Keep on your Radar.
IBULHSGFIN has been ranging in a Channel Pattern exactly for a year making a 52 week High at 313.70. Now it is in a downward direction and very near the support. The RSI is also moving towards the oversold area. So we can expect a reversal in the near term for a short term target of 315.
Keep on your Radar.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.