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novamatic

ICT on multi-decade support - Bullish

Long
SET Information & Communication Technology Sector Index (SET_DLY:ICT)  
novamatic Updated   
SET_DLY:ICT   SET Information & Communication Technology Sector Index
Trend Analysis Chart Patterns Technical Indicators
2
0
trendanalysis chartpattern indicator
The chart you see here is ICT and it just tested a multi-decade lower trendline that started in 2008. I can see us trading sideways for one more test, potentially, before a big up.

We've just tested the 61.8 (to the pin) of this retrace and I expect sideways consolidation.
Comment:
Here is a zoom on recent action
snapshot
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NOTE: this is a LOG chart.
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