A bullish trend is applicable above 83.00.
The ideal entry is a price action as close to 82.00 as possible (200-day simple moving average) on a pullback.
However, breaking above 85.50 might trigger upside potential.
The first target price is set at 87.50.
The second target price is set at 92.50. (middle of the linear regression channel pattern).
The confluence of 200-day and 200-week might act as major support.
The ideal entry is a price action as close to 82.00 as possible (200-day simple moving average) on a pullback.
However, breaking above 85.50 might trigger upside potential.
The first target price is set at 87.50.
The second target price is set at 92.50. (middle of the linear regression channel pattern).
The confluence of 200-day and 200-week might act as major support.