Tuesday 16th August 2016

by lajos

It closed at 10,689 levels on Monday. The index managed to close above its resistance level of 10,670, which is the 50% retracement level of the entire fall seen from 10,929 (May 15 top) to 10,417 (May 23 bottom), and above the 20 day simple moving average (SMA) placed at 10,669. This indicates a bullish trend reversal..

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