Mitsui O.S.K. Lines

Mitsui OSK Lines Bear Impulse

Technical Analysis
159 Views, 20 Jan 2022 10:42
EXECUTIVE SUMMARY
  • Mitsui OSK Lines impulsive decline as sell volumes rise is a big negative and sets up a short on a bounce, which may be limited.
  • 8,500 is near resistance. 7,000 is tactical support (trendline) where a reaction rise is due. Watch RSI near/below 30 for a short term low.
  • Major support at 6,500 targeted representing key dual lows, 200 dma and congestion support.
detail (1-minute read)
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Mr. Schroeder starting using charts and trading in the FX markets in 1989 and entered the equities arena in 1992 with De... 

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