Morning trading December 16, page-127

  1. 13,534 Posts.
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    I wish you well with your hold@Rozting

    PGD
    My perspective thereof
    1. Candle now sitting under 50EMA (plus)
    2. 56 to 56.5 is a long term support level (plus).
    3. RSI is getting high (possible negative)
    4. People who have been trapped since November may be looking to exit (which may lead to a price drop as they scramble to sell at profit)
    5. Historically tends to revert back after large upward movements like this (refer to August)
    6. 66 is the current resistance level.




    https://hotcopper.com.au/data/attachments/4916/4916599-53290af59126ffd979704e7f7536e841.jpg




 
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