Solid short-term bowl forming here, pointing toward a push higher. The rising lows are a clear signal that supply is drying up; buyers are being forced to pay up as the sellers retreat.
Friday’s price move was aggressive, clearing immediate overhead resistance and closing right near the high. Volume confirms the intent, transacting at 2.8x the average. Effort and result are in perfect agreement.
Zooming out, the price is emerging from a period of heavy absorption. If this momentum holds, the next line in the sand is the previous consolidation zone. One to watch.
Price target: 175p
Potential reward: 15%
Friday’s price move was aggressive, clearing immediate overhead resistance and closing right near the high. Volume confirms the intent, transacting at 2.8x the average. Effort and result are in perfect agreement.
Zooming out, the price is emerging from a period of heavy absorption. If this momentum holds, the next line in the sand is the previous consolidation zone. One to watch.
Price target: 175p
Potential reward: 15%
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.