HISTORICAL SUPPORTS ARE NOW NEW TARGETS/RESISTANCES
will it test 310 before its next up move?
cup & handle formation on weekly basis is exactly same as HFCL.
let's see which line becomes its breakout line.
80.7 is first target in this leg of upside in next 2 weeks if it stay above 71. target 2 is 109. support at 65-60
if the lower line is respected, a breakout above the falling wedge might lead to huge movement
weekly support at 1172-1050 breakout level is 1345. target 2200+
CUP & HANDLE FORMATION ON WEEKLY CHART. TARGET 240+
lets hope it holds itself inside the channel to touch the higher band at 150+ range in next 6-8 weeks. trigger is 118.
ready to touch upper band of the channel
a few weeks more & everything will be clear
on monthly closing basis:--- head higher above 344. below it will consolidate & test 318. below 311 shall test 283. 375 is 4 year breakout level.