In the previous newsletter we gave 4100 and 4140 as breakout zones with a buy entry around 4075.
Sop trailed on the buy from 4075 to 4097 and adding to this long position 4115 with the same stop.
If bulls can hold a shallow dip here and break the highs, the previously forecast breakout may be in effect. Stops should be kept tight, we’re high in a monthly range and that makes loose buying risky.
Keep reading with a 7-day free trial
Subscribe to Market Forecasts and Trade Plans to keep reading this post and get 7 days of free access to the full post archives.