Hengyuan still below EMA200. But price above EMA20/EMA50 (Bullish) and EMA20 > EMA50 (short term Uptrend)
BoD signal appear after bouncing from Fibo 0.618 and Trendline.
It's FAT Fast Turtle Buy.
Potential target price at 4.28 (Fibo and Price structure confluence)
SL 3.4
Buy around 3.8 will give good risk reward ratio of 2
This analysis was done by 1 of traders who use Turtle indicators.
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