The above 5 chart minutes provides the following informations:
- price travelled below 20SMA from 1304 to 1290;
- price have been oversold 5 times before crossing above the 20SMA;
- the crossing is made of 3 motive and 2 corrective;
- 20SMA now support at 1293 with 60SMA coming from above;
(a cross of the 60 may present an opportunity to get to 1300 again but 1300 could also be a good selling point depnding on how it moves)