Diamond : Technical View : 18.11.2019
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On the daily chart, the price closed with negative note during the last session.
However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies
bullish strength for the short term.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the
counter.
Momentum indicators MACD has crossed above the zero level, which indicates
bullishness.
As per the above technical structure; we expect bullish move in the counter.
However, It has sustained above the 21*50 days SMA’s and Parabolic Sar, which signifies
bullish strength for the short term.
Furthermore, the price has sustained above the Falling Trendline, which adds support in the
counter.
Momentum indicators MACD has crossed above the zero level, which indicates
bullishness.
As per the above technical structure; we expect bullish move in the counter.