Trend: Uptrend, broke psychological 9.00 with high volume.
Classical analysis:
Price retracing toward support level. 20d MA is bullish.
Indicators: No bearish divergence.
MacD histogram 5R, pending one G to confirm entry signal.
Stochastic rebound at 50% is bullish
RSI uptrend t 70% is overbought
Observations:
Flag formation with price target 10.00 if breakout. Nearest resistance at 9.31. Support level - 9.00, 8.74
Good risk rewards ratio.
Recommend to long when breakout formation with volume.
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