• The trend line from the February lower high has been breached increasing the odds that this decline is over

  • The 5 dma has curled up
  • Today´s Hammer candlestick, with the successful test of the 10 dma, is suggesting probable  the ignition of another up leg (Most likely a countrend rebound)
  • Above today´s hod we have a still positive sloped 200 dma
  • But the critical resistance that would open the door to a large rebound is located at R1= 172.15
  • If above R1 the target at R2 = 223 should be doable
  • The Stochastic is showing a strong upward momentum