The RSI is above 50.
The MACD is above its signal line and negative.
The MACD must break above its zero level to trigger further gains.
Moreover, the price is trading above its 20 period moving average (3672) but under its 50 period moving average (3720).
Our preference: Rebound.
Alternative scenario: The downside breakout of 3606 would call for 3490 and 3421.
The MACD is above its signal line and negative.
The MACD must break above its zero level to trigger further gains.
Moreover, the price is trading above its 20 period moving average (3672) but under its 50 period moving average (3720).
Our preference: Rebound.
Alternative scenario: The downside breakout of 3606 would call for 3490 and 3421.