The weekly chart shows the possibility of a breakout above 200. MACD is also showing a bullish crossover. If crosses and sustains above, An early target will be around 300.
At this point in time, the risk-reward ratio is quite good. One should wisely choose the position size and manage the risk. Better to accumulate up to the levels of 160 {if goes down}.
This illustration is only for learning and sharing purposes, not trading or investment advice in any form.
All the best.
At this point in time, the risk-reward ratio is quite good. One should wisely choose the position size and manage the risk. Better to accumulate up to the levels of 160 {if goes down}.
This illustration is only for learning and sharing purposes, not trading or investment advice in any form.
All the best.