During last week, market went bearish, dropping to as low as 16.23.
Market was opened on Monday at 17.03, it rises to its maximum price at 17.18 on Mon, 11/27/2017 - 13:30, then it drops to its minimum price at 16.23 on Fri, 12/01/2017 - 15:00 and finally it was closed on Friday at 16.43.
- Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
- Relative strength index (RSI) is 37.
- Current short-term is range bound, but resumption of uptrend is expected.
There is possibility of temporary retracement to suggested support zone (16.30 to 15.60), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.
- Beginning of entry zone (16.30)
- Ending of entry zone (15.60)
Supports and Resistances: