Simple answer would be, if it cracks the significant resistance level in the zone of 10000-10500 it is likely to race higher even if it doesn't make it to the moon.A significant zone of resistance to overcome this zone is.
Up trending channel is still in effect and it's support/demand line is now being tested.If the demand line is violated ( so far so good) then watch the support offered by the 200 day simple moving average and the previous reaction low (as marked on the chart). On any test, if this level fails, then one may have to run fast or look for a short position....
Above analysis is for educational purposes only.
Up trending channel is still in effect and it's support/demand line is now being tested.If the demand line is violated ( so far so good) then watch the support offered by the 200 day simple moving average and the previous reaction low (as marked on the chart). On any test, if this level fails, then one may have to run fast or look for a short position....
Above analysis is for educational purposes only.