Maersk testing EMA100 support line - Stock tips and tricks
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Maersk testing EMA100 support line

Maersk testing EMA100 support line

Right now, you can experience Maersk testing EMA100 support line on a daily timeframe.
RSI(14) is oversold and at level 34.
The last time EMA100 was tested was back in June 2020 and resulted in almost 100% rise in price.

Maersk testing EMA100 support line – Daily chart

On the hourly chart, you will see, that the price has crossed EMA12 line. It indicates that the downtrend might be over on the H1 timeframe.
Personally, I would like to see a crossover of EMA12 and EMA100 before I go long, but that is a question of temper.
Also on the Daily timefram, I would like to see a EMA crossover.

Maersk testing EMA100 support line – Hourly chart

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Bill Kennedy
bk@stockcockpit.com