SMT.UK
Our expectations: Long-term uptrend and 23.6% Fibonacci retracement. A breakthrough above the "triangle" formation which gives us reason to enter in long positions.
Alternative scenario: If price turns down and goes below the major diagonal support then we could see a price decline.
Comment: EMA50 and EMA200 are in positive formation with EMA50 above EMA200 and current price above EMA50. RSI (14) is also in positive territory above 50.
SL: 3.983
Jr Trader Ivan Ivanov
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