Since August 2015, after posting the historic high, the script has been in down trend. To break this vicious circle an attempt was made in the last quarter of 2023. Since than bulls have been under pressure.
In the month June the bulls have been holding the turf thus making a bullish divergence on RSI on daily time frame. Bulls have taken the price to the level of 10.21 twice. If the price is sustained above 10.25 we may initiate a long position. SL shall be at 8.25 and TP is at 14.2.
Due diligence and strict money management is solicited.
Have a profitable trading.
In the month June the bulls have been holding the turf thus making a bullish divergence on RSI on daily time frame. Bulls have taken the price to the level of 10.21 twice. If the price is sustained above 10.25 we may initiate a long position. SL shall be at 8.25 and TP is at 14.2.
Due diligence and strict money management is solicited.
Have a profitable trading.
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