Over the past trading session, the situation with this asset has changed only slightly. The index, having likely reached the lower boundary of a terminal diagonal triangle, attempted to initiate an upward move to form the next wave. However, buying momentum was limited, resulting in only a minor bounce.
Still, this does not rule out further attempts at upward movement. As early as today, the index is expected to begin a slow but steady climb toward the previously identified target. The projected path of price is schematically indicated on the chart.
As long as the uptrend remains intact, opportunities for buying should be considered.
Investment idea: BUY 23250, SL 23000, TP 24250.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
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Bob Stan
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