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.
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.