Current price: 29.55
Key point: 29.65
Our preferred direction: buy positions at the highest levels of 29.65, targeting 32.20 as the first target, then 24.00 as the second target.
Alternative scenario: Stop loss and change the trend by breaking the 29.65 level, targeting 28?70 levels
Technical commentary
The ground services stock with code number 4031 is moving in a downward direction on the daily frame from the peak of last July until it reached the support area at the levels of 28.75-29.65.
The price is currently forming a reversal falling wedge pattern, so it is preferable to wait until the wedge breaks upward and then rise to 32.20 levels, then 34.00 levels.
