Long positions above 5.18 with targets at 5.76 & 5.95 in extension.
Short Term View (Rise, Limited Rise, Consolidation, Limited Decline, Decline) |
Rise |
---|---|
Change In Short Term View | None |
Medium Term View (Bullish, Range, Bearish) |
Bullish |
Change In Medium Term View | Range to Bullish |
Pivot: 5.18
Our preference: long positions above 5.18 with targets at 5.76 & 5.95 in extension.
Alternative scenario: below 5.18 look for further downside with 4.97 & 4.81 as targets.
Comment: the RSI advocates for further upside.
Supports and resistances:
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