The chart shows an upward trend within a channel. The price has recently pulled back to the channel's support line.
Entry and Exit Levels:
Long Entry (Buy): If the price holds above the support around $634.34, a buy entry can be considered. Target: $701.47 Stop-Loss: $596.73 Supports and Resistances:
Important support at $634.34. Nearby resistance at $701.47. Indicators:
Oscillator, RSI, and Stochastic indicate that the price is in a possible bullish reversal zone.
Considerations:
Long (Buy): If the price holds above $634.34, the expectation is for the continuation of the upward trend. Short (Sell): If the price falls below $634.34, a sell entry can be considered, targeting lower supports. Disclaimer:
This analysis does not constitute financial advice. Do your own research before investing.
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