The low for the day was 4580, higher than the low of 4581 for 3rd Sep.
Also, the closing has been higher than the 8, 10 and 50-day Moving Averages.
The 14-day Positive Directional Index is higher than the Negative Directional Index.
The 12-day Rate of Change is quite strong at 6.5%, in fact strongest since 4th Aug.
The 2-day Relative Strength Index is at 85%.
The 3, 10-day Moving Average Convergence Divergence is a strong 18.
The closing candle is well above the Ichimoku Kinko Hyo cloud.
Thus, all technical factors indicate a short-term bullish run. The next resistance level of 4744 might be tested.
Also, the closing has been higher than the 8, 10 and 50-day Moving Averages.
The 14-day Positive Directional Index is higher than the Negative Directional Index.
The 12-day Rate of Change is quite strong at 6.5%, in fact strongest since 4th Aug.
The 2-day Relative Strength Index is at 85%.
The 3, 10-day Moving Average Convergence Divergence is a strong 18.
The closing candle is well above the Ichimoku Kinko Hyo cloud.
Thus, all technical factors indicate a short-term bullish run. The next resistance level of 4744 might be tested.
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