Bounced off the current levels four times before making it a strong support, in a short term downtrend forming a descending triangle. Could see narrow range in the coming few days before it breaks out of the triangle. I would place my buy here and next buy at 100. A huge upside potential, a break upward from the triangle could start a new rally and we could see 20-25% gains, or more. The risk to the downside is low. The volume is extremely good. Traded in a narrow range with a huge volume today, so that's a good amount of accumulation
You could place your buy here or wait for the break out from the triangle. I have opened long positions at 105.8
You could place your buy here or wait for the break out from the triangle. I have opened long positions at 105.8
Holding that support very well. we might see a bounce to the downtrend line and a retest of bottom soon. sell at 115-116