Wednesday, December 4, 2019

Diamond : Technical View : 05.12.2019

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.