Hi, everyone
Due to the massive drop on Friday, (news impact?), it closed exactly above the weekly downtrend line(which broke out 4-5 weeks ago).
With a open higher this morning, I will expect a retracement recently, looking for trade between 55.54 to 56.67. more likely it will break out 56.67 to get back on track.
Due to the massive drop on Friday, (news impact?), it closed exactly above the weekly downtrend line(which broke out 4-5 weeks ago).
With a open higher this morning, I will expect a retracement recently, looking for trade between 55.54 to 56.67. more likely it will break out 56.67 to get back on track.