A price action above 28.00 supports a bullish trend direction.
Increase long exposure for a break above 31.00.
The target price is set at 32.00 (just below its 38.2% Fibonacci retracement level).
The stop-loss is set at 28.00.
A breakaway gap seems to occur.
Remains below its 200-day simple moving average and is regarded as a counter-trend strategy.
Increase long exposure for a break above 31.00.
The target price is set at 32.00 (just below its 38.2% Fibonacci retracement level).
The stop-loss is set at 28.00.
A breakaway gap seems to occur.
Remains below its 200-day simple moving average and is regarded as a counter-trend strategy.