The breakout and close above 943p appears now to have been a false breakout as indicated by the bearish divergences in RSI and that mentioned by Andy in the comments on the previous post (thanks Andy).
It'll be interesting to see which of the RSI supports this drops to now. The lower support may coincide with a price visit to the main uptrend support and this would be a great place to go long.
For now, though, this will be a waiting game.
It'll be interesting to see which of the RSI supports this drops to now. The lower support may coincide with a price visit to the main uptrend support and this would be a great place to go long.
For now, though, this will be a waiting game.