SSE- A range bound market
SSE SHANGHAI
Support good enough to hang out at 2054-2001.
RSI almost near the oversold zone.
Demand zone can be seen between 50%-61.8%.
Candle has been long legged doji.
A swing bottom now with higher low and higher high
can resume a rise.
In that case expect rise towards 2174-2200 which will
be the supply zone.
Range bound swing and volatility between
2200 and 2000 is likely to continue.
A new trend could be begining if swing bottom gets
confirmed now from the current demand zone.
Support good enough to hang out at 2054-2001.
RSI almost near the oversold zone.
Demand zone can be seen between 50%-61.8%.
Candle has been long legged doji.
A swing bottom now with higher low and higher high
can resume a rise.
In that case expect rise towards 2174-2200 which will
be the supply zone.
Range bound swing and volatility between
2200 and 2000 is likely to continue.
A new trend could be begining if swing bottom gets
confirmed now from the current demand zone.
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