Diamond : Technical View : 05.12.2019
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On an hourly 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 power to the bulls.
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 power to the bulls.
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.