Price is looking like it has formed a bottom at 931 which is a previous resistance level now acting as support. A decent spike in volume at this level shows interest with some large buy orders being placed late on Friday.
RSI looking extremely oversold along with stoch. May see some further downside so my stop will be placed a few points below the 100ma.
Target of 1100.
RSI looking extremely oversold along with stoch. May see some further downside so my stop will be placed a few points below the 100ma.
Target of 1100.
Comment:
Strong bearish candle on Mondays open, will keep an eye on it and see if it rejects further from the .5 or .618 fib.
Comment:
Buy order triggered at 956.