

The stock chart shows recent bearish movements, indicating increasing selling pressure after an earlier uptrend.
Key support and resistance levels are in focus as traders assess potential market reversals.
The chart demonstrates a recent bearish trend following a previous uptrend. The price has pulled back from recent highs.
There is no clear single candlestick pattern currently dominating, but the overall movement suggests a possible formation of a bearish continuation.
A potential pullback zone is around the 116,000 level where consolidation occurred before the recent decline.
The MACD line is below the Signal line, indicating a bearish crossover. This suggests downward momentum.
The histogram is in the negative territory with decreasing momentum, supporting the bearish trend.
There aren’t notable divergences present between MACD and price action, aligning with the declining price.
There has been a noticeable decrease in volume recently, which often accompanies price retracements.
The declining volume with falling prices could suggest a lack of strong selling pressure, possibly limiting the downside.
No significant spikes suggest institutional activity. Volume is consistent with prior price trends.
The previous support is around 112,000, which should be monitored for potential bounce opportunities.
A significant resistance level is at 116,000, which was tested recently. Any attempts to break above could face challenges.
Current market conditions suggest caution; monitor for a potential bullish reversal signal before initiating new positions.
Signs of reversal at 112,000 support. A bullish candlestick pattern or increased volume could signal a buying opportunity.
If the price breaks below 112,000 with volume, it could confirm a further downside.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.