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Investtech Indices
MANTRA (OM.CPT)
Close: 1.51 (+0.06), Nov 14, 2024
See Recommendation
Automatic technical analysis. Medium term, Nov 14, 2024
MANTRA is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. It also gave positive signal from the rectangle formation at the break up through the resistance at 1.05. Further rise to 1.64 or more is signaled. The currency has marginally broken up through resistance at points 1.40. An established break predicts a further rise. Positive volume balance indicates that volume is high on days with rising prices and low on days with falling prices, which strengthens the currency.Recommendation one to six months: See Recommendation
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