We can also see a trendline connection earlier tops, which may see a breakout as soon as on Monday (Jan 14th).
Buying above 448, with a stop loss of 436, for immediate targets of 464.
Traders using derivative tools, may use vertical bull spread, once it closes above 448.
Options OI are not supporting a long position at this stage, but this can be evaluated again.
I generally avoid suggesting trading using naked or options, strategies help in reducing risk but also empower positional traders to remain in a position for longer periods and grab bigger profits.
You may send me a direct message for any clarification, and low risk strategies to trade for short term gains.
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