- The 3 months deterioration period seems to be over. Price broke back above downtrendline, after major bullish trendline acted as good support last week.
- Ichimoku is back to neutral with some bullish bias ahead. Equilibrium level and now bullish support is 3450+. Price is above Kijun, right at spot Kumo top, which could be some short term resistance.
- Heikin-Ashi is bullish, with increasing momentum. Given the haOscillator's relative high value, we may see some consolidation, or minor pull back before next leg up. If it happens, use this dip to go long.
- EWO switched to bullish
Strategy: try to buy dips to 3450-3475, initial stop at 3400
- Ichimoku is back to neutral with some bullish bias ahead. Equilibrium level and now bullish support is 3450+. Price is above Kijun, right at spot Kumo top, which could be some short term resistance.
- Heikin-Ashi is bullish, with increasing momentum. Given the haOscillator's relative high value, we may see some consolidation, or minor pull back before next leg up. If it happens, use this dip to go long.
- EWO switched to bullish
Strategy: try to buy dips to 3450-3475, initial stop at 3400