Dearie me.
Our XRF chart are NOT looking good atm.
After a month from the last chart posted here that looking bullish then.
Bullish view:
1. Still Strong Uptrend imo, even the share price crossed down the 50EMA (blue line) as long as
above & Does NOT touch 100EMA (purple line).
2. The lower bound of the bigger range and area of support at $1.085 to $1.110, still holding.
3. RSI is 45 and might touch 30 (Oversold) before EOFY Sell Off.
Bearish view:
1. Out of bounced in our bullish Ascending Triangle.
2. Crossed below 50EMA (blue line)
3. Trading Volumes are getting smaller.
4. Two more weeks left on EOFY Sell Off.
5. MACD continues its bearish trend.
Hopefully sp closed green today, $1.200 is good, higher than $1.200 is great.
Goodluck and Enjoy the Weekend.
View attachment 5364796
(20min delay)