KCU21 Daily (congestion mode)
Posted by nagual
on August 5, 2021, 2:19 pm
The formation of the last 4 days in a congestion mode after a prolonged down move, although it looks positive by closing above the simple 20 day MA,it is of negative connotation. If it starts to close below this MA,the minimum projection should move towards the 16900 area (Sept) or 17200 ( December). Conversely if the market starts to close above 18000, 2 consecutive days, it could move towards 19000. Nagual
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