Technical Analysis :
Double bottom on the weekly chart, followed by a breakout above the neckline of the pattern and the long term 52-week moving average. The recent retest to the neckline was rejected as well, indicating the bullish continuation scenario is likely for a next target near the major high at 22553..
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Good luck, keep your stops tight..
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My best regards
Technician
Double bottom on the weekly chart, followed by a breakout above the neckline of the pattern and the long term 52-week moving average. The recent retest to the neckline was rejected as well, indicating the bullish continuation scenario is likely for a next target near the major high at 22553..
Be one of the first members of my new trading portal, check my new website thefxchannel.com/ , vote and subscribe. Thank you
Good luck, keep your stops tight..
twitter.com/thefxchannel
www.facebook.com/thefxchannel
plus.google.com/+Thefxchannel0
My best regards
Technician
