Bollinger band reading : side way .
MACD Histrogram : getting lower.
Support : 2400, middle Bollinger band, 2240 level.
Resistant : 2521, 2650 level.
Comment :
Correction continued this week after market tested the support near 2400 level and recovered slightly. Weekly chart suggesting a continue side way range bound market with possible testing the weekly middle Bolliger band level before resuming it's longer term uptrend movement.
No comments:
Post a Comment