Will IT index bounce from the support zone that is seen retested on. weekly charts ? There is a momentum bullish divergence see on RSI
that could cause a medium term reversal after a major correction happening across the IT stocks? potential for mean reversion trade do exit.
However a close watch on what Nasdaq does now is also crucial which currently hanging on sideways momentum & bearish price action.
that could cause a medium term reversal after a major correction happening across the IT stocks? potential for mean reversion trade do exit.
However a close watch on what Nasdaq does now is also crucial which currently hanging on sideways momentum & bearish price action.