reversal point is at: 61.3.
Our opinion: bullish.
Alternative scenario: The downside breakout 61.3 entail a return to levels of 58.9 and 57.5.
Note: RSI above 50. MACD is above its signal line and negative. MACD must penetrate up the zero line to confirm continued growth. In addition, the rate is below its 50-day (64.8065) but above its 20-day moving average (62.8681).
Support and resistance levels:
70.3 **
68.9 *
67.5 **
66
63.1993 (closing price)
62.2
61.3 **
58.9 *
57.5 **
Our opinion: bullish.
Alternative scenario: The downside breakout 61.3 entail a return to levels of 58.9 and 57.5.
Note: RSI above 50. MACD is above its signal line and negative. MACD must penetrate up the zero line to confirm continued growth. In addition, the rate is below its 50-day (64.8065) but above its 20-day moving average (62.8681).
Support and resistance levels:
70.3 **
68.9 *
67.5 **
66
63.1993 (closing price)
62.2
61.3 **
58.9 *
57.5 **