Bias: Hold Long
The technical structure remains solid. Price continues to trade above both the SMA50 and SMA200, confirming an intact long-term uptrend, while ADX indicates healthy trend strength. The most recent pullback occurred on light volume, suggesting orderly consolidation rather than distribution and supporting continuation toward higher levels.
Order flow remains neutral, showing no significant institutional supply at current levels. Sentiment is mildly constructive, reinforcing the existing long posture but not materially increasing conviction beyond the technical foundation. The next key resistance is located near 288.62, with the broader upside objective near 293.86.
Risk management
Trailing stop: 269.75
Hard stop: 245.73
Primary upside target: 293 (20-40 days)
The technical structure remains solid. Price continues to trade above both the SMA50 and SMA200, confirming an intact long-term uptrend, while ADX indicates healthy trend strength. The most recent pullback occurred on light volume, suggesting orderly consolidation rather than distribution and supporting continuation toward higher levels.
Order flow remains neutral, showing no significant institutional supply at current levels. Sentiment is mildly constructive, reinforcing the existing long posture but not materially increasing conviction beyond the technical foundation. The next key resistance is located near 288.62, with the broader upside objective near 293.86.
Risk management
Trailing stop: 269.75
Hard stop: 245.73
Primary upside target: 293 (20-40 days)
Trade closed manually
Technical Exit: Structure Broken With Price Below SMA50 And Low Health Score; JS Engine Issued Close.Outcome 1,2% positive.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.