NIK225 - 24h expiry
Selling pressure from 29249 resulted in all the initial daily gains being overturned.
The current move lower is expected to continue.
The bias is still for higher levels and we look for any dips to be limited.
The trend of higher lows is located at 28562.
Preferred trade is to buy on dips.
We look to Buy at 28805 (stop at 28665)
Our...
NIK225 - 24h expiry - We look to Buy at 27205 (stop at 27110)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
The hourly chart technicals suggests further downside before the...
NIK225 - 24h expiry - We look to Buy at 25690 (stop at 25570)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A Doji style candle has been posted from the base.
Price action looks to be forming a bottom. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a...
NIK225 - 20h expiry - We look to Buy at 25620 (stop at 25400)
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
We are trading at oversold extremes.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Previous support located at...
NIK225 - 21h expiry - We look to Sell at 27925 (stop at 28140)
Buying pressure from 27410 resulted in prices rejecting the dip.
With the Ichimoku cloud resistance above we expect gains to be limited.
Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be...
NIK225 - 21h expiry - We look to Sell at 28455 (stop at 28650)
We are trading at overbought extremes.
A lower correction is expected.
Previous resistance located at 28339. Preferred trade is to sell into rallies.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 27895 and 27515
Resistance:...
NIK225 - 22h expiry - We look to Sell at 27390 (stop at 27610)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
Previous resistance located at 27397.
A lower correction is expected.
The hourly chart technicals suggests further upside before the downtrend returns. We...
