NIK225 - Intraday - We look to Sell a break of 19425 (stop at 19500)
Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which will confirm the bearish sentiment.
Our profit targets will be 19200 and 19050
Resistance: 19585 / 19750 / 20000
Support: 19425 / 19200 / 19050
Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Posted a Double Top formation. Expect trading to remain mixed and volatile. Further downside is expected, however, due to the strong support below we prefer to sell a break of 19425, which will confirm the bearish sentiment.
Our profit targets will be 19200 and 19050
Resistance: 19585 / 19750 / 20000
Support: 19425 / 19200 / 19050
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