1. Today breakout out from down trendline with more than average trade volume. Hopefully it's meaningful sign for the starts of new uptrend.
2. Daily MACD making a golden cross good sign of trend reversal.
3. Overall still intact with long term up trend. And rebound from MA100.
4. Hope coming days can break and sustain above long term resistant 3.85. Then will be good chance of major wave coming.
Cautious.
1. Support at 3.61. Risk management is the first priority in trading.
2. Risk reward ratio 1.79 not that attractive. However, hope that after breaking ATH 4.28 will have new blue sky in coming 2022.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.
2. Daily MACD making a golden cross good sign of trend reversal.
3. Overall still intact with long term up trend. And rebound from MA100.
4. Hope coming days can break and sustain above long term resistant 3.85. Then will be good chance of major wave coming.
Cautious.
1. Support at 3.61. Risk management is the first priority in trading.
2. Risk reward ratio 1.79 not that attractive. However, hope that after breaking ATH 4.28 will have new blue sky in coming 2022.
Trade at your own risk. Information should not be considered as an offer or enticement to buy, sell or trade. You should seek appropriate advice from your broker, or licensed investment advisor, before taking any action. Past performance does not guarantee future results.