Hello Traders,
Due to the recent spike and bullish nature of oil, HAL may continue its upward move. Hidden Bullish Divergence has formed on the 1D MACD/Price Chart. Price is being rejected at the 100-EMA so long-entry consideration would be made when the candle closes above the 100-EMA.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*
Due to the recent spike and bullish nature of oil, HAL may continue its upward move. Hidden Bullish Divergence has formed on the 1D MACD/Price Chart. Price is being rejected at the 100-EMA so long-entry consideration would be made when the candle closes above the 100-EMA.
Thanks for reading. If you liked my analysis, please give me a follow.
*The above is not investment advice but simply my analysis of the current market conditions*