ALSI J200 - Analysis
The ALSI has returned to it 50 dma after rallying 12.5% in January 2023 . The pullback from the recent swing high has so far been almost -5.81%.
Although we are oversold on the shorter timeframes and a bounce is possible, the index is likely to go test the 69500-70500 region. The short-term trend remains down.
Although we are oversold on the shorter timeframes and a bounce is possible, the index is likely to go test the 69500-70500 region. The short-term trend remains down.
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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.