Current price: 62.7
Key point: 61.5
Our preferred direction: buy positions at the highest levels of 61.5, targeting 67.7 as the first target, then 68.3 as the second target.
Alternative scenario: stop loss and change the trend by breaking 61.5, targeting 59.5
Technical commentary
Mine stock is trading in a downward direction on the daily frame from the peak of last September, penetrating the ascending price channel down until it reached and rose from the pivotal support levels 60.5-61.4.
These levels correspond to the BAT harmonic pattern with 88% Fibonacci retracement of XA leg
It is expected that the stock will continue to rise to levels of 67.7-68.3
