
Price is declining towards its 20EMA with MACD turning bullish at the moment. Stochastic has a bearish crossover and could be moving lower and this could be a concern. But with the rising MACD and bullish 20EMA trend, we would prefer to stick with MACD and override the Stochastic.
Price pullback to the 20EMA could be a good opportunity to get into a short term long position with stop below 1398 and target at 1438. Look to support at 1408 to get into a long position.