COMPOSITE,
Updated
Although we can see that from the chart the price is at resistance area (downtrend channel), actually the indicators all look really good.
RSI above > 50
Stochastic Golden Cross
MACD Golden cross and above the zero line
So, the target @ 62xx is still plausible.
NB: These analyses are not intended as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
RSI above > 50
Stochastic Golden Cross
MACD Golden cross and above the zero line
So, the target @ 62xx is still plausible.
NB: These analyses are not intended as investment recommendations or as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. LETS CUANN!!!
Comment
Price also above all MAs
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