Price has broken the trendline and moved up to close above the Weekly EMA200. The move higher in price is being supported by volume. Interesting to note is that historically price has traded in this range previously. Price could reach the 5845 level and pullback before moving higher.
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Disclaimer
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.