On daily chart, there looks like an upside breakout from the wedge. A retest of 50D Moving average which is also the falling trendline of the wedge needs to be monitored.
A neutral at this stage given the weak price action this morning. A gravestone doji could be under making.
A neutral at this stage given the weak price action this morning. A gravestone doji could be under making.
Comment:
Today we have a first test of the 50DMA on daily chart. On first touch market has bounced back from 2746-47 level.