Expect the bullish trend we are in to slow down as we run into resistance areas
Upward sloping support line active.
Look for 9 day and 20 day MA as target for pullbacks
Commento:
Target nearly achieved. Market has since come off into the 47s.
Downside target of 9 day MA around 47. If that is breached look for the 20 day MA and the red trendline as support.
I would expect a test of either in the coming days before returning to the prevailing trend
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Downside target of 9 day MA around 47. If that is breached look for the 20 day MA and the red trendline as support.
I would expect a test of either in the coming days before returning to the prevailing trend