Price has been oscillating in the short-term red channel (potential bull flag) within a longer green uptrend channel.
I find that the channel is strong as price found strong support along the green channel bottom, where it has been tested 3 times.
MACD are about to give golden cross and RSI found support.
Went long @ 76.99 after the bullish engulfing. Projection of target price is around 101.45 if price broke out of red channel upside resistance
Not forgetting that price might just fall according to red channel!
I find that the channel is strong as price found strong support along the green channel bottom, where it has been tested 3 times.
MACD are about to give golden cross and RSI found support.
Went long @ 76.99 after the bullish engulfing. Projection of target price is around 101.45 if price broke out of red channel upside resistance
Not forgetting that price might just fall according to red channel!
