The weekly chart highlights two doji-style candles. The daily chart highlights mixed results for the last 19 trading days. This lack of clear direction has resulted in a corrective channel formation being posted on the intraday chart. Trendline support is currently located at 181.88. With bespoke support seen at 182.00, I am looking to this zone (182.00-181.88) as a solid barrier. Conclusion: buying a dip within the 182.00-181.88 is regarded as a solid technical setup. The measured move target for the flag formation is located at 188.11.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.