Still in a bullish trend
When we see a moving average with an upward trend with higher highs and higher lows, the bull trend is confirmed.
Every test of the moving average should be seen as a potential buying opportunity, especially when adding from a long-term perspective.
We also see a test of September highs as support at the same level.
Risk-reward-ratio is over 3 when targeting current all-time highs.
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For people wondering about the Santa Claus Rally:
The trading days are 5 days of 2021 and the first 2 trading days of 2022.
Every test of the moving average should be seen as a potential buying opportunity, especially when adding from a long-term perspective.
We also see a test of September highs as support at the same level.
Risk-reward-ratio is over 3 when targeting current all-time highs.
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For people wondering about the Santa Claus Rally:
The trading days are 5 days of 2021 and the first 2 trading days of 2022.
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