Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (72.442 to 70.170). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

• Beginning of entry zone (72.442)
• Ending of entry zone (70.170)

Midterm forecast:

• While the price is above the support 70.170, beginning of uptrend is expected.
• We make sure when the resistance at 84.260 breaks.
• If the support at 70.170 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
• A peak is formed in daily chart at 79.595 on 11/30/2023, so more losses to support(s) 72.442 and minimum to Major Support (70.170) is expected.
• Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
• Relative strength index (RSI) is 39.

Take Profits:

1. 74.827
2. 77.558
3. 80.342
4. 84.260
5. 86.643
6. 89.340
7. 93.882