RSI is reaching a 4 month brake_out momentum, above 30. (at 30.57)
Price has reached 2.618 extension, within 1/6/2014 descending parallel Channel.
Several rejections on 300 price level, resembling the 445 rebound.
Clearing the downtrend_line and 76.4% retracement, rising above 11/4 340 double bottom, on a daily basis,
could give some short term confirmation.
( Targets in descending probability )
Target_1 : 365
Target_2 : 380
Target_3 : 420 ( 38.2%, 50 sma )
Braking the Blue descending channel, price could seek the 500 level. ( 61.8% and 200 sma )
Price has reached 2.618 extension, within 1/6/2014 descending parallel Channel.
Several rejections on 300 price level, resembling the 445 rebound.
Clearing the downtrend_line and 76.4% retracement, rising above 11/4 340 double bottom, on a daily basis,
could give some short term confirmation.
( Targets in descending probability )
Target_1 : 365
Target_2 : 380
Target_3 : 420 ( 38.2%, 50 sma )
Braking the Blue descending channel, price could seek the 500 level. ( 61.8% and 200 sma )