If MDA keeps bouncing up and down in this rectangle channel, it will form a Bearish Rectangle. It needs to break out this channel as soon as possible to avoid further drop.
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It's very important that MDA stays above 24300 and maintains it as a support. Then it has greater chance of going up to re-test the 25400 resistance level. For now, it's slightly above 24300 but it needs more. Let's see what unfold in today.
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