It is the 4th week of bottom building and after the healthy new declining attempt we got a fine rise this week confirming the update mood.
Trade closed: stop reached
Note
The deal had been stopped out partially only and today I realized a very fine profit on the remainder. Sorry for the misleading notice a week ago. I hope you did not close.Note
At the 7.10 level we've got a resistance. At the same time we have a support at 6.80. Insofar we are stopping at a correction level of the medium term downtrend which had started in November past year. The market has to decide whether to resume the 10 year old downtrend or to break it now finally.
I am trying a first long position now but will watch closely any outbreak and then either buy more of the stock or hedge the position.
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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.