Coming out of 115Weeks base and 53% range it went straight up to the supply zone (71-80) and closed for 2 consecutive weeks. Now this shall act as a support. If it manages to close and sustain below it than our view shall get invalid.
If it base out here for a few weeks between 88-98 and continue its journey to the north than it can test 128 - 165 - 170 levels in the long term.
I expect and want it to show some consolidation here at current levels.
It is cruising above all the key moving averages.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.
If it base out here for a few weeks between 88-98 and continue its journey to the north than it can test 128 - 165 - 170 levels in the long term.
I expect and want it to show some consolidation here at current levels.
It is cruising above all the key moving averages.
Disclaimer: This is just an analysis and not a buy/sell recommendation. If you intend to trade this counter then do your own due diligence and trade at your own risk.