MOIL LTD.Long
Formation of left shoulder in inverse H&S
The trend seems to be forming a inverse H&S (see circle - marks what looks like a left shoulder)
Additional bullish evidence:
For better confirmation must wait for 2-3 days more to confirm bullish trend
Additional bullish evidence:
- RSI is rising
- Stochastic showing bullish
- 50% Fibonacci retracement is complete
For better confirmation must wait for 2-3 days more to confirm bullish trend
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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.