A price action above 23.00 supports a bullish trend direction. The conflux of the 200-day and 200-week simple moving averages acts as a critical pivotal point. This level also overlaps with its 50% Fibonacci retracement level. The target price is set at 24.50. The stop-loss price is set at 22.50. Ideal win/loss ratio.
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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.