We observe flag pattern after 40 bids jump in early December. We also spot a reversal candle (hammer) inside the flag which could indicate reversal of plag pattern. MACD gives early breakout signal with RSI still showing momentum. Volume is lower in the flag which gives a good signal.
EP 0.505
TP 0.535 (+6%), 0.630 (+24% Fibo 1.272 target), 0.705 (+39% Pole target)
SL 0.475 (-6%)
Speed: Quite heavy with 689M shares float (50% of 1379M shares)
Sentimen: Economic recovery, bullish steel pricej
TAYOR
EP 0.505
TP 0.535 (+6%), 0.630 (+24% Fibo 1.272 target), 0.705 (+39% Pole target)
SL 0.475 (-6%)
Speed: Quite heavy with 689M shares float (50% of 1379M shares)
Sentimen: Economic recovery, bullish steel pricej
TAYOR