RSI Convergence in cosmo first
COSMO FIRST is at support daily TF.
and from the chart it is clear that RSI is making higher lows.
Moreover 100 EMA weekly TF (@821) is just below current market price.
Red flag (Risks) - The only red flag to consider before building any long position is that all 20, 50 moving averages are below 200 Day EMA.
Conclusion :- It can provide a good swing opportunity in upcoming days, but as it is an early entry SL is a must @830 .
and from the chart it is clear that RSI is making higher lows.
Moreover 100 EMA weekly TF (@821) is just below current market price.
Red flag (Risks) - The only red flag to consider before building any long position is that all 20, 50 moving averages are below 200 Day EMA.
Conclusion :- It can provide a good swing opportunity in upcoming days, but as it is an early entry SL is a must @830 .
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