GJ

20 Oca 2020

Weekly went from 190 to 120 with a pivot at 156.75. We have created a W with both bottoms being a double bottom confirming support. The neckline being 156.75 is being ran at with the last support being 140 which is a key area. After playing at 140 we sprang to 148, on the retrace we made 144 a solid zone with rejection just before the 50%. Then we tapped and immediately rejected the sub 142 level. We confirmed 141-142 being an important support zone. We have tapped this 141-142 area multiple times and pushed from it settling above 142.50. Currently we are trying to stay above 143 after touching 142.80 and pushing up. On the way up 143.65 will have action but if we stay above 142.8 and 143.5 we can look for long targets up to 145.5, 146.5, 148, 152, 156.75, 160.