Price holds above the 20-day moving average at 23,859, preserving the near-term bullish structure. With RSI at 66, the risk/reward for new long entries deteriorates. Favour strategies that benefit from a pullback or consolidation. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Thin participation (0.0x average) suggests the tape may be drifting rather than trending. Treat breakouts with scepticism.

Bullish short-term cross (21-EMA crossed above 50-SMA) — Trend accelerating upward

RSI at 65.8 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Volume trend is balanced, showing no decisive edge for either buyers or sellers.

Higher Highs and Higher Lows (Uptrend Structure)

Price holds above the 20-day moving average at 57,155, preserving the near-term bullish structure. RSI at 62 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Below-average volume undermines conviction in the current direction. Confirmation requires a pick-up in participation.

No significant recent moving average crosses.

RSI at 61.9 confirms strong buying momentum, with room to run before becoming extremely overbought.

MACD is expanding positively, highlighting that buyers are firmly in control of momentum.

Price is trading comfortably within the Bollinger Bands, representing normal historical volatility levels.

Recent volume spikes on down-days warn of active distribution and seller dominance.

Higher Highs and Higher Lows (Uptrend Structure)