Technical indicators have turned , Stochs have bounced-off from near oversold levels and points north.
Close above 200-DMA will confirm further bullishness, scope for test of 79.20 ( ).
Caution advised as 'Death Cross' seen on , invalidation likely on close below 50-DMA at 77.54.
Support levels - 77.97 ( 200-DMA ), 77.59 ( 20-DMA ), 77, 76.52 (50% Fibo 69.23 to 83.80 rally), 76
Resistance levels - 78.50 (May 16 high), 78.75 (38.2% Fibo 83.80 to 75.62 fall), 79.20 ( )
Our previous call (link below) has hit TP1.
Book partial profits at highs. Raise trailing stops to 77.55. Hold for upside.