SDRED ( 2224 : 0.77 ) : Rebounding

SDRED ( 2224 : 0.77 ) : Rebounding

Description

Resistance

: 0.83 0.96

Support

: 0.75

RSI of 42

RSI is on a small spike-up

STOCHASTIC

It is oversold, and on base forming

TREND INDICATOR.

Down

Comment

The recent correction may have completed at the 61.8% retracement level of 0.75. Upside is at 0.83

Trading Strategy

Buy. Stop loss is at 0.75

Disclaimer