Observed a bullish engulfing pattern with the prior trend being a clear downtrend.Even though it is not formed at the “near support”, the formation is still near one of the past support lines with average volume on both the pattern formation days.The RSI confirms the uptrend with a rise in direction from the oversold of region of 30 which is a good sign that the upcoming trend is going to be bullish. 

2 Comments
  1. EQSIS 7 years ago

    Good spot..

Leave a reply

©2024 | Rights Reserved | EQSIS | Terms and ConditionsPrivacy Policy

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?