Prices have bounced and made a 'Hammer' at the 100 SMA. High chances that a medium term low could be in place now. Minimum target would be 765, and investors should ideally hold till a new all-time high is made.
Trade would be negated on a Weekly Close below 690.
Trade would be negated on a Weekly Close below 690.
Commento:
First target of 765 has been met, partial profit booking can be done here.
Trade chiuso: obiettivo raggiunto:
So as per the expectations, a new high has been made, and entire profit can be booked.