Trading suggestion:

Price is below the Trend Hunter Buy Zone (91.30 to 85.00).

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

• Beginning of entry zone (91.30)
• Ending of entry zone (85.00)

Midterm forecast:

• While the price is below the resistance 70.75, continuation of downtrend is expected.
• We make sure when the support at 40.30 breaks.
• If the resistance at 70.75 is broken, the short-term forecast -continuation of downtrend- will be invalid.

Technical analysis:

• A trough is formed in daily chart at 57.70 on 09/11/2023, so more gains to resistance(s) 65.00 and maximum to Major Resistance (70.75) is expected.
• Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
• Relative strength index (RSI) is 48.

Take Profits:

1. 97.55
2. 105.70
3. 115.00
4. 133.99
5. 167.24
6. 189.79
7. 232.63
8. 281.63
9. 333.08
10. 388.93
11. 413.50