DAILY CHART
DAILY CHART
- Russell 2000 First chart shows positive divergence in MACD.
- Since the divergence is in daily chart it is very positive for the index.
- Second chart shows a falling wedge pattern. Any up move from here is possible on the break of the upper boundary.
- Third chart shows price closing above 10 day moving average. But not able to go above 20 day moving average.
- So any up move is possible only on a firm trade above 650. A daily close above 650 will give a target of 667-670.
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