Kors monthly reversal on the cards?

17 ก.ย. 2015

Monthly chart definitely looks bullish. We had a downtrend which started in March of 2014. Doji formed right at support of the trendline on low volume showing that selling had exhausted.( Previous high volume bearish candles were probably an absorption taking place) The next candle was also a doji but bullish, since it had better volume confirming a possible up leg. Initial resistance of 48 needs to be taken first and above that start should definitely see higher prices in coming 2-3months.