6963- An up-sloping accumulation structure suggests strength.
- Potential in phase D SOS rally.
- Supply absorption is near completion.
- Likely to see ease of movement to rally up further in phase E.
- First target at 1.60 with a tight stop around 1.20.
Trade active
First round rally started. Supply level is low. Steady up-trend is expected to continue.Note
Big spread bearish bar on 1 Oct 2019 had the character of Effort > with Result<, with a higher low formed, bullish characteristics. Mark up stage is pending.Note
- Supply level is low.- Pending quality demand to initiate breakout in near term.
- Expect ease of movement to rally up.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.