A price action above 137.00 supports a bullish trend direction. The target price is set at 146.00 and 152.00. The stop-loss price is set at 136.00. Bullish confirmation above 143.00 Remains above its 200-day and-week simple moving averages, supporting a bullish long-term trend. The insert is the monthly performance over the last couple of years. May is usually...
A price action above 8.50 supports a bullish trend direction. Further bullish confirmation for a break above 9.00. The target price is set at 9.50 (just above its 61.8% Fibonacci retracement level. The stop-loss price is set at 8.00 (close to the level of the long-term resistance, now acting as support. Close testing its 200-day simple moving average.
A price action above 56.00 supports a bullish trend direction. Increase long exposure for a break above 58.00. The target price is set at 64.00. The stop-loss price is set at 54.00. Remains above its 200-day simple moving average. A bull flag pattern seems to be developing. Such a pattern supports upside price potential.
A price action above 1.3440 supports a bullish trend direction, whereby ABG is likely to outperform INL. Further bullish confirmation for a break above 1.3825. The target price is set at 1.5375 (its 23.6% Fibonacci retracement level). The stop-loss price is set at 1.2660. The trade idea is regarded as a counter-trend strategy and remains risky.
A price action above 104.00 supports a bullish trend direction. Further bullish confirmation for a break above 104.50, which is also its 50% Fibonacci retracement level. The target price is set at 107.00 (its 38.2% Fibonacci retracement level). The stop-loss price is set at 103.00. The MACD bullish crossover supports a change in trend direction.
A price action below 0.8170 supports a bearish trend direction. Increased bearish support for a break below 0.8150. The target price is set at 0.8040. The stop-loss price is set at 0.8285. The price action remains in a declining channel pattern, supporting a bearish trend direction. Dipped below its 200-day simple moving average. Remains a risky trade.
A price action below 76.00 supports a bearish trend direction. Increase short exposure for a break below 75.00 The target price is set at 71.00. The stop-loss price is set at 80.00. The confluence of the 200-day and 200-week simple moving averages seems to be a price objective over the next couple of weeks. Remains a risky trade as the price action is merely seen...
A price action below 1.3371 supports a bearish trend direction. Increase short exposure for a break below 1.3341. The target price is set at 1.3211. The stop-loss price is set at 1.3511 (its 200-day simple moving average). The price action remains in a rectangle pattern and seems like the price action is heading for the lower range of this pattern.
A price action below 33000 supports a bearish trend direction. This level also overlaps with its 200-week simple moving average. Confirmation when the price action slips further below this support level. Expect some further downside for a price action below 32600. The target price is set at 30800 (its 200-day simple moving average). The stop-loss price is set at...
A price action above 30000 supports a bullish trend direction. Further bullish confirmation for a break above 308000 (its 23.6% Fibonacci retracement level). The target price is set at 32000. The stop-loss price is set at 28700. Remains above key support (see the black dotted trendline). Remains above its 200-day and 200-week simple moving averages, supporting a...
A price action above 33600 supports a bullish trend direction. Almost testing its 200-week simple moving average. Crossing above this key resistance might propel the price action to 35500 (23.6% Fibonacci retracement) and beyond. The target price is set at 37200 (just below its 200-day simple moving average). The stop-loss price is set at 32500 or its 61.8%...
A price action below 69.00 supports a bearish trend direction. Expect further downside potential for a break below 68.00. The downside target price is set at 66.00 (just below its 50% Fibonacci retracement level). The stop-loss price is set at 72.00. Testing major support (see the black dotted trendline). Downside price momentum supports the bearish trend...
A price action above 250 supports a bullish trend direction. Increase long exposure for a break above 255. The first target price is set at 262 (at its 61.8% Fibonacci retracement. The second target price is set at 281. The stop-loss price is set at 244.00 Recently crossed above its 200-day simple moving average. The MACD bullish crossover (see the lower panel)...
A price action above 2360 supports a bullish trend direction. Increase long exposure for a break above 2440. The target price is set at 2550. The stop-loss price is set at 2270. Remains above its 200-day simple moving average. It seems like wave 4 is completed and the impulse wave 5 might unfold.
A price action above 19100 supports a bullish price action. Increase long exposure for a break above 19800. The target price is set at 20800. The stop-loss price is set at 18000. Remains above its 200-day simple moving average. The falling wedge pattern supports the suggested target price. The price action at the 23.6% Fibonacci retracement level might act as some...
A price action above 3000 supports a bullish trend direction. Crossing above 3100 triggers the option to increase long exposure. The target price is set at 3200. The stop-loss price is set at 2800. Remains in an inclining channel pattern. As long as the price action remains above its 23.6% Fibonacci retracement level. Remains a risky trade.
A price action above 314.00 supports a bullish trend direction. Expect further upside potential for a break above 320.00. The target price is set at 326.00. The stop-loss price is set at 311.00. The U-shaped pattern observed in the price chart may imply a potential for further upward movement in prices. This pattern, often seen as a sign of market recovery or...
A price action below 130.00 supports a bearish trend direction. Expect further downside price potential for a break below 129.00. The target price is set at 126.00 (its 23.6% Fibonacci retracement level). The stop-loss price is set at 132.00 (upper range of the inclining channel pattern). The price movement within the inclining channel pattern indicates that the...