intraday: below its lower Bollinger band

Trading Central 2020-11-21 05:22:06

Our pivot point stands at 3150.

Our preference: the downside prevails as long as 3150 is resistance.

Alternative scenario: the upside breakout of 3150, would call for 3201.75 and 3232.5.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. stands below its 20 and 50 period MA (respectively at 3116.77 and 3122.38). Finally, the has penetrated its lower Bollinger band (3102.35).

Supports and resistances:

3232.5 **

3201.75 *

3150 **


3099.4 last


3006.75 **

The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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