Reported at 0630hrs SGT
GY
Look like GY is losing stream for any upward movement. Both the softening of the WMA5 gradient and the CCI show a potential downward trend.
Even if there is a shot up, GY will face resistance at EMA200 at 211.3. It need to clear 212 before any significant breakout north.

How low can then GY go? You can draw a fib retracement from 9 Jun peak to 9 May low. But as now taking an extimate from the EMAs, we have 207.6 (EMA21) and 206 (EMA100/EMA55) 


No comments:
Post a Comment