Uptrend
A strong resistance level at approximately 67, which also called an all-time high, has now been broken after about 12 days by a good bullish candle. While some traders are initiating long positions immediately, others are waiting for further confirmation above this level. More conservative traders might prefer to wait for a pullback to broken level before entering. Overall, I anticipate a mid-term target of around 80-82. It's crucial to emphasize the importance of setting a firm stop-loss for your position; I recommend approximately $62.
Good luck.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.