Since Nov 2018 the price action was moving at the bottom of parallel channel and in oct the MACD gave weak bullish signal now finally the MACD has given strong bull signal even fast length has crossed up the slow length.
Directional movement is also bullish.
A double bottom formation can be clearly seen at the bottom and soon it will produce a strong bull thrust insha Allah.
Even though the double bottom can push the price action to touch the resistance of the channel but I have defined secure target zone, but you can go for the channel's resistance as target.
Secure sell targets are:
Sell between: 71.93036 to 142.21828
Regards,
Atif Akbar (moon333)
Directional movement is also bullish.
A double bottom formation can be clearly seen at the bottom and soon it will produce a strong bull thrust insha Allah.
Even though the double bottom can push the price action to touch the resistance of the channel but I have defined secure target zone, but you can go for the channel's resistance as target.
Secure sell targets are:
Sell between: 71.93036 to 142.21828
Regards,
Atif Akbar (moon333)
