The price bounced from the support zone
formed by the uptrend line, SMA100 and 84.00 support level
confirms price reversal. MACD
histogram supports upward movement. We have a new trading opportunity. Pending orders for buy should be placed above the downtrend line and 100.00 resistance level
. If the market breaks these barriers, we'll get a signal confirming further upward movement. Stop orders must be placed below the local swing low at 82.80 level. Profit targets can be 120.00 and 150.00 levels.