A price action above 29600 supports a bullish trend direction. Increase long exposure for a break above 31300. The target price is set at 32500. The stop-loss price is set at 29400 (its 38.2% retracement). Broke above its 200-day simple moving average, as well as testing its 200-week simple moving average. Rebounded from the lower range of the inclining channel pattern. Keep an eye on the gap as well.