Continue the accmulation range trading
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Box moving counter 30 days MA pressure, last week range trading around 200 to 230 range.
Daily chart looks it will test low again, but not very strong.
Weekly chart looks moderate bullish, but not strong.
This week out look seems still in Range trading for finding new direction.
This range trading situation is very similar with last August. But at that moment it was in a downtrend development for finding bottom out.
Weekly pressure: 30 days SMA(218), 225, and 230.
Weekly support: 400 days SMA(203), 180 D SMA(198), 200D SMA(190)
Let's see what development next.
Daily chart looks it will test low again, but not very strong.
Weekly chart looks moderate bullish, but not strong.
This week out look seems still in Range trading for finding new direction.
This range trading situation is very similar with last August. But at that moment it was in a downtrend development for finding bottom out.
Weekly pressure: 30 days SMA(218), 225, and 230.
Weekly support: 400 days SMA(203), 180 D SMA(198), 200D SMA(190)
Let's see what development next.
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Weekly chart
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