DAN.US:
Our expectations: Upward trend and adjustment to levels of support where we can look for long positions
Alternative scenario: If the price goes below Fibonacci's 23.6%, a breakthrough in the upward trend and a new downturn is possible
Comment:
Price over diagonal and horizontal support as well as over 50SMA
Fibonacci: Correction to 23.6
50/200SMA: 50 over 200 - whims tendency
Price action: dodji - a possible reverse
RSI: over 50 - positive territory
SL. 22.91
Trader I. Ivanov
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