After today it rallied & passed the resistant of 17150 as the MA20, then it's now moving upward after several days of consolidation. Now it's heading upward to 18100 as the Fibonacci 100%, after the last time it failed to passed the point. Today it formed a Bullish Engulfing pattern which is the reversal pattern after a downtrend (consolidation time).
MACD is now bending upward while the histogram showed the Bull has come. The Stochastic might form a golden cross tomorrow as the upward confirmation for tomorrow, the RSI is bending upward & the candle has just passed the MA20 which is a quite valid support line.
The candle crossed the MA20 & also the mid-term uptrend channel, which will make it continuing its upward motion to 18000.
Rating: Buy, TP 1800-18100
Addition: Volume does matter that today, the volume is quite big & increment is quite much, Bullish sign!!!
Happy Investing^^
Disclaimer ON!!!
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