Within the broader range of 1210 and 1160, the stock is currently showing strength at the 61.8% FR (1180). The RSI has come to its bounce area. One can expect a Range breakout of 1180 is sustained on an hourly time frame. The stock should initially target the higher end of the range (1210), and eventually breakout and test 61.8% FR of the fall from 1288 (1238).
An hourly close below 1180 negates this view, and the stock shall then see the lower end of the Range (1160)
An hourly close below 1180 negates this view, and the stock shall then see the lower end of the Range (1160)
Trade closed: target reached