Reasons to go long:
* Price formed a double bottom at 217.50 and bounced off channel support.
* MACD is about to produce golden cross
* RSI broke the resistance - yet another indication that correction is over.
* Price closed above 20 day SMA and important level at 231, which will now serve as support.
* Price formed a double bottom at 217.50 and bounced off channel support.
* MACD is about to produce golden cross
* RSI broke the resistance - yet another indication that correction is over.
* Price closed above 20 day SMA and important level at 231, which will now serve as support.
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