Read this news article here www.scmp.com/bu...-guns-expanding?module=mor...
We can see from chart that the weekly bullish trend is still intact with the recent tug of war ending with the bulls charging forward. I will wait for a few days to let the bullish trend be more concrete before deciding to go LONG on this stock.
On the day chart, 70.52 has been met with several times resistance so a pull back looks possible this week.
Perhaps, let the price goes above 72 may be provide more assurance of its bullish direction.
Please DYODD.
We can see from chart that the weekly bullish trend is still intact with the recent tug of war ending with the bulls charging forward. I will wait for a few days to let the bullish trend be more concrete before deciding to go LONG on this stock.
On the day chart, 70.52 has been met with several times resistance so a pull back looks possible this week.
Perhaps, let the price goes above 72 may be provide more assurance of its bullish direction.
Please DYODD.