Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (105.0 to 100.5). 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 (105.0)
• Ending of entry zone (100.5)

Midterm forecast:

• While the price is above the support 165.5, continuation of uptrend is expected.
• We make sure when the resistance at 329.0 breaks.
• If the support at 165.5 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

• The RSI downtrend #1 is broken, so the probability of continuation of uptrend is increased.
• A peak is formed in daily chart at 270.0 on 10/24/2023, so more losses to support(s) 211.5, 171.5 and minimum to Major Support (165.5) 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 45.

Take Profits:

1. 117.0
2. 124.8
3. 136.0
4. 143.5
5. 154.5
6. 171.5
7. 211.5
8. 260.0
9. 391.0
10. 476.0
11. 637.0
12. 803.5
13. 1040.0
14. 1220.0
15. 1650.1