Accumilation in phase 2 to 3 here, We can see demand being tested with one more push to the downside here. Look for Spring as confirmation. Enter on the break above and retest
Look for confirmation to the downside 36 level and start accumulating)
60 first Long term target by September!
Confirmations of Accumilation:
Preliminary support
Selling Climax
Secondary Test
Automatic Rally
Resistance at Preliminary support (Zone keeping trading range intact)
Distribution after Automatic rally to confirm demand
Wait for Spring (Break below to test enough demand)
Volume has diminished here meaning spread is low
Lets see how this plays out !
Look for confirmation to the downside 36 level and start accumulating)
60 first Long term target by September!
Confirmations of Accumilation:
Preliminary support
Selling Climax
Secondary Test
Automatic Rally
Resistance at Preliminary support (Zone keeping trading range intact)
Distribution after Automatic rally to confirm demand
Wait for Spring (Break below to test enough demand)
Volume has diminished here meaning spread is low
Lets see how this plays out !
-BLKopalInvestments