SM may touch Kijun Sen

SM has been moving sideways for quite sometime now but we are seeing a possible spike to 773 as Kijun Sen on weekly chart moves at this level. RSI or Relative Strength Index is below overbought level. As of now SM is still in a downward trend based on Ichimoku system with Tenkan Sen moving below the Kijun Sen and Chikou Span is moving below the price so if you can ride on the spike it would be best to protect your profit. Unless a bullish signal from any element will come out.

Caveat!

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