Current price: 66.7
Key point: 65
Our preferred direction: buy positions above 65 levels, targeting 70 as the first target, then 72 as the second target.
Alternative scenario: stop loss and change the trend by breaking level 65, targeting levels 63.5
Technical commentary
Mine stock reached its price targets at 68.00 levels of the shark harmonic pattern with an 88% Fibonacci retracement rate.
The price formed an ascending channel from last month’s bottom to settle at its lower border, and it is expected to continue the rise to reach 70.00 levels.
