RE: Tomorrow2 Jun 2020 21:02
Jai.
From the charts I see a lot of indications turning bullish, 5,10,20,50 ave all saying buy. 100day at 102. If the 50 day currently 72 crosses this then boom.!!
On the down side 77 gaining more support. If this breaks 62 is possible but i really do not see this happening. 2and wave /postpone of opening could see us back down but these are exceptions and cannot be accounted for. I always base my investment like a risk assessment, what is likely to happen not worst case.
Only other thing is the RSI is a little high at 62 so could do with some consolidation here to lower that then ready for next leg up. RSI good for guide if under 30 could indicate ready to by 85-95 likely to cool off a bit. But use this in conjunction with other charts / fundementals/ current news. Etc.
I have lost a fair few in past but won more than lost so all good.
Their use to be a poster go by the name of oilbarron back in 2008-9 bloodly fantastic he was learnt a lot from him.
Gl luck anyhow.