This broke out from a Downtrend since July 2018 and i recon its coming down to test the breakout zone and fly back up to
262
325
401
Just wait patiently to snipe this cause this will get bought back up , 165 would be your point of invalidation however i expect this to bounce from 176 if not before .
It got rejected from the 200 day on the daily and is in the process of forming a golden cross so expect above targets to come pretty quick ( 325 is good enough ,gets busy there so might mess about and chill there for a bit )
99 day MA is around 182 on the daily so should support this or may just dip a wee bit under to liquidate high leveraged longs.
262
325
401
Just wait patiently to snipe this cause this will get bought back up , 165 would be your point of invalidation however i expect this to bounce from 176 if not before .
It got rejected from the 200 day on the daily and is in the process of forming a golden cross so expect above targets to come pretty quick ( 325 is good enough ,gets busy there so might mess about and chill there for a bit )
99 day MA is around 182 on the daily so should support this or may just dip a wee bit under to liquidate high leveraged longs.