Down Trend since 2008.. 140 & 160 mid term
With the Downtrend starting from 2008 this "Puclic sector undertaking" finally looks like it going to break on up after
132 or the down trend line is taken down , feel a pullback to 116 before it does get taken down .
On the lower time frame its looking nice and trying to reclaim this major resistance at 94.50 where in the last 12 years its played a key role.
This has been lagging a fair bit so should give a slow and steady gain.
Worth getting in for a big position size swing trade with a very tight Stop Loss since we are at 94.40 which is a key support.
If you're in this for the long term after 140 this should start flying no clue what the news or reason would be but double down now if you're holding from higher.
132 or the down trend line is taken down , feel a pullback to 116 before it does get taken down .
On the lower time frame its looking nice and trying to reclaim this major resistance at 94.50 where in the last 12 years its played a key role.
This has been lagging a fair bit so should give a slow and steady gain.
Worth getting in for a big position size swing trade with a very tight Stop Loss since we are at 94.40 which is a key support.
If you're in this for the long term after 140 this should start flying no clue what the news or reason would be but double down now if you're holding from higher.
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.