MA 21 7.2 MA50 7.8 MA200 8.4
Upper end bolinger 7.8
hitorical horizontal level 7.8
In terms of trend line 7.4 is an important point as many downtrend lines/channel borders converge.
MACD improving but still below the 0. All other indicators say that there is immense space to move up to even come close to the overbought levels on the leading and lagging indicators.
Today we wait for 7.8 or above support. Worse case above 7.4
We know 8 c is a ST issue due to CR but the whole zone thru 8s has many hurdles. It will be interesting to c how we navigate that. Depending on who wants in and how urgently, will determine how fast we go. Always keep evaluating as it can change daily.
All the best for the XMAS period and new years.
Xmas Gift...???, page-91
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