- Price is currently testing its up-sloping trendline support. The current up-trend has also taken support at the previous peak, so price is likely to find support around 1700.
- The Weekly RSI is also testing its oversold zone of up-trend.
- We expect stock to continue its up-trend and test 2200.
- A Weekly Close below 1700 would negate this bullish view.
Trade closed: target reached:
Target of 2200 has been met!