The short-term moving average at 24,248 holds as support, keeping the 20-day trend channel intact for now. RSI at 60 holds above the 50-line, confirming the bullish directional bias without yet reaching overbought extremes. The MACD reading adds conviction to the long thesis — positive and expanding histogram with a bullish signal-line cross. Volume registers below average — the move lacks broad participation and is susceptible to reversal.

No significant recent moving average crosses.

RSI at 59.5 is well within the neutral zone, showing balanced momentum without extreme conditions.

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

Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.

Recent volume is noticeably higher on up-days, signaling strong underlying buyer accumulation.

V-Shape Recovery / Double Bottom Formation

The tape holds above the 20-day average (57,541), maintaining the positive short-term trend channel. With RSI at 48, the path of least resistance remains to the downside until buyers can reclaim the neutral zone. The convergence-divergence oscillator prints a bullish signal. Histogram expansion above zero validates the upside move. Low-conviction tape — volume at 0.0x average means the move lacks the sponsorship for sustained follow-through.

No significant recent moving average crosses.

RSI at 48.0 is well within the neutral zone, showing balanced momentum without extreme conditions.

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

Bollinger Bands are tightly squeezed, warning of an imminent explosive directional price move.

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

Consolidation / Range-bound Structure