Long consolidation in mid 2020 till now for almost 1 year now. Prices looks like it is ready to move up further to 50-52, so long as $30 stands as a strong support. The far leg target to be 75-80.
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target 1 has hit with price hitting $62 at high. Price took a retracement due to the covid vaccine patent IP news in US and nose dive about 25% before retracing back up.
With the validation of the support, we looking for next target of $75
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Price has now enter a new zone where we would expect it to further consolidate in 55-66 range before the next shot up to 75-80 .