Daily : Downtrend. Lower High Lower Low.
- K200 ended slightly lower than previous low, in fact, lower than previous previous low 239.09 in January 2015. These 239-240 has been a strong support area in the past 1.5-2 years. We have a small pin bar on Friday. Thus, the next bars are important to see if this level holds.
- MACD are still heading down.
Weekly :Sideway. Short-term Downtrend.
- This week bar is a bullish bar, resting just around the 239-240 support area.
- MACD continues to head down and widening.
- Weekly remains bearish.
Monthly : Sideway.
- 240 support is broken. Next support 230. This new month bar is bearish for now. Until we get a positive sign, it is still short-term downtrend.
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