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% Fibonacci retracement level.
The price movement continues to follow an upward channel pattern, suggesting a bullish sentiment. Moreover, the significant resistance level currently being tested could potentially break, indicating a further upward trend.
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% Fibonacci retracement level.
The price movement continues to follow an upward channel pattern, suggesting a bullish sentiment. Moreover, the significant resistance level currently being tested could potentially break, indicating a further upward trend.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.