A conflux of Technical Indicators supporting a bullish bias: Breaking above its 8-day simple moving average. A hint of potential internal strength developing. First such a signal in the last 16 days. Trend change to bullish according to Parabolic SAR. First such a signal in the last 14 days. Close being in RSI oversold territory. One can expect some correction - even if it is temporary. Remains close to its lower two standard deviations as calculated over the last 250 days. Potential overextended price action to the downside - mean reversion capabilities might start playing a role. Downward curvature of the bands remains a concern. Caution: The overall trend remains bearish and the long idea will be against the general trend direction. Adjust risk accordingly. Time to exit: +/- 30 August 2019
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