Computershare Limited continues to trade within a constructive bullish structure, with a clear sequence of higher lows showing that buyers are still stepping in on pullbacks.
Price is now approaching an important resistance area near the previous highs. This is where the setup becomes particularly interesting, as the broader trend remains bullish, but buyers still need to prove they can break through this supply zone.
A clean breakout above resistance would strengthen the bullish case and could open the door for a stronger continuation toward the 48.00 area.
For now, I’m more interested in the quality of the breakout than chasing price too early. The trend still favors buyers, but the next reaction around resistance should tell us whether this is simply another pause or the beginning of the next leg higher.
This is not financial advice, just my view of the chart. Trade safely.
Price is now approaching an important resistance area near the previous highs. This is where the setup becomes particularly interesting, as the broader trend remains bullish, but buyers still need to prove they can break through this supply zone.
A clean breakout above resistance would strengthen the bullish case and could open the door for a stronger continuation toward the 48.00 area.
For now, I’m more interested in the quality of the breakout than chasing price too early. The trend still favors buyers, but the next reaction around resistance should tell us whether this is simply another pause or the beginning of the next leg higher.
This is not financial advice, just my view of the chart. Trade safely.
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