Overview:
Trading implications:
Buy at market open (last close: 114.61);
Target (s): 123.30 – 126.25 – 134.25;
Stop on a 2 days close below 112.5 or a 2% intra day break below it being 110.25;
- Down Trend is broken;
50 days moving average crossed above 200 days moving average;
Oscillator bottoming around 40% on dips (bullish sign);
Resistance (s): 116.90 – 119.7 – 123.3 – 126.25;
Support(s) : 112.5 – 110;
Trading implications:
Buy at market open (last close: 114.61);
Target (s): 123.30 – 126.25 – 134.25;
Stop on a 2 days close below 112.5 or a 2% intra day break below it being 110.25;
Trade closed: stop reached