Trading suggestion:

Price is below the Trend Hunter Buy Zone (157.0 to 149.0).

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

• Beginning of entry zone (157.0)
• Ending of entry zone (149.0)

Midterm forecast:

• While the price is above the support 131.00, beginning of uptrend is expected.
• We make sure when the resistance at 187.00 breaks.
• If the support at 131.00 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

• A peak is formed in daily chart at 150.0 on 09/15/2023, so more losses to support(s) 137.5 and minimum to Major Support (131.0) 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 46.

Take Profits:

1. 172.5
2. 187.0
3. 209.5
4. 230.1
5. 251.2
6. 289.5
7. 338.8
8. 375.0
9. 426.0
10. 517.8