AIRLINK has successfully broken above its long-standing descending trendline, signaling a shift in momentum. The breakout indicates bullish strength, supported by higher volumes and sustained buying pressure. A retest of the breakout zone is underway, which, if held, would further confirm the continuation of the upward move. Based on the current structure, the first target is placed at 188, while the second target is projected at 203. On the downside, the invalidation level for this view lies below 153.50. Sustained movement above the breakout point will keep the outlook positive in the coming sessions.
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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.