HALF HOUR CHART
- The price was not allowed to go above the 50 week moving average today.
- And another resistance in daily chart are the fib retrace level of 61.8% and if it crosses that the 50 day moving average is there.
- A Triangle is developing in the in the 30 minutes time frame. One has to be careful because of these resistances the upside break out may end up as a false one. Keep appropriate stop loss for the long trades