Is there a trend change?
A simple tool like 3 moving averages can tell you when trend changes. As of now the MA show a negative trend.
We are experiencing a bounce from oversold level as of now. Can it lead to trend change? Possible but confirmation of that will require time and more buying.
More likely scenario is a range for few weeks which will be volatile and then market will make the real move.
No comments:
Post a Comment