Bullish bias in the “Bearish Engulfing” patterns remains intact, Ongoing uptrend above the uptrend line, Moving Average Crossover suggest a positive outlook, Potential buy in the MACD indicator, Positive view in the 14-day RSI indicator: Price is likely to set a new high.
The long positive candle at the historical high implies that buyers are strong over the sellers, No immediate sign that the uptrend is at limit, MACD shows an ongoing buy signal, Momentum remains encouraging despite the overbought condition: Bullish expectation extends.
The “Morning Star” could be an early signal that the correction is ending, Waiting for the positive confirmation from the MACD indicator, Expecting for more strength development in the 14-day RSI indicator. Be ready to enter buy.
