Current price: 39.50
Key point: 38.95
Our preferred direction: buy positions at the highest levels of 38.95, targeting 40.90 as the first target, then 42.85 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 38.95 level, targeting 36.45 levels
Technical commentary
Advanced stock with code number 2330 is moving in an upward price channel from the bottom of last October from the support levels 35.75-36.45 and from the harmonic ALT BAT pattern with a 113% Fibonacci correction rate from the XA leg.
It is expected that upon retesting the support levels at 38.95, the stock will rise to levels of 40.90 and then levels of 42.85.
