Formation of an inverse head and shoulders pattern on the daily chart - a bullish chart pattern.
Looking to long if it closes above 241.59 and if there is a spike in volume.
Another thing to note is that 9EMA is about to cross above 21EMA, a sign that short term bearish trend is about to turn bullish.
PT1: 250.62
PT2: 254.59
PT3: 264
Looking to long if it closes above 241.59 and if there is a spike in volume.
Another thing to note is that 9EMA is about to cross above 21EMA, a sign that short term bearish trend is about to turn bullish.
PT1: 250.62
PT2: 254.59
PT3: 264