ASX is showing a bullish signal according to the charts. Below is my analysis and when i will be fully bullish.
Bullish case:
- ascending triangle which is inherently bullish.
- LSMA in upwards direction
- price above 50MA
- daily velocity positive
- RSI neutral
Bearish case:
- price below a key fib level: 0.382 at 5468
- price below key resistance level at 5580
I will be full-bullish with of course tight SL when price closes daily above 5584.
I will keep you updated with any changes bullish or bearish. If you like these TA please click like or leave a comment.
Bullish case:
- ascending triangle which is inherently bullish.
- LSMA in upwards direction
- price above 50MA
- daily velocity positive
- RSI neutral
Bearish case:
- price below a key fib level: 0.382 at 5468
- price below key resistance level at 5580
I will be full-bullish with of course tight SL when price closes daily above 5584.
I will keep you updated with any changes bullish or bearish. If you like these TA please click like or leave a comment.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.