ERD is in a downtrend but selling pressure is decreasing so we can expect a rebound of ERD with 230-240sts target over the next 4-5 days.
But if it falls out of the 170sts range, the ERD will have a sharp drop to 130-140sts, which is a reasonable buy zone where we could buy ERD back.
But if it falls out of the 170sts range, the ERD will have a sharp drop to 130-140sts, which is a reasonable buy zone where we could buy ERD back.