Caspian Sunrise Plc stock (LSE:CASP) has made a huge bullish movement. This has just happened as the price rose out of the consolidation it experienced throughout the last month.
Price has technically recovered its loss since July 2022, having broken upwards
from the upper Trendline. At the same time, the RSI period 14 has already risen
into the overbought region. There is a strong bullish bias on CASP.
While there could be occasional pullbacks along the way, the bias on the market is very bullish and the current bullish breakout should be sustained as price goes towards the supply zones at 4.00, 5.00 and 6.00 within the next several months.
Market Analyst, Trading Signals Provider and Coach
Teach Yourself Technical Analysis: https://www.advfnbooks.com/books/techanalysis/index.html
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