Trading suggestion:

• By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

Midterm forecast:

• While the price is above the support 150.229, continuation of uptrend is expected.
• We make sure when the resistance at 160.200 breaks.
• If the support at 150.229 is broken, the short-term forecast -continuation of uptrend- will be invalid.

Technical analysis:

• While the RSI support #1 at 53 is not broken, the probability of price decrease would be too low.
• A trough is formed in daily chart at 149.766 on 05/11/2023, so more gains maximum to Major Resistance (160.200) 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 70.

Supports and Resistances:

1. 148.583
2. 147.495
3. 145.905
4. 144.516
5. 143.000
6. 140.609
7. 138.900
8. 137.333
9. 134.043
10. 127.488
11. 122.500
12. 117.550