Current price: 21.0
Key point: 20.4
Our preferred direction: buy positions at the highest levels of 20.4, targeting 22.0 as the first target, then 23.0 as the second target.
Alternative scenario: stop loss and change the trend by breaking the 20.4 level, targeting 19.5 levels
Technical commentary
Misk stock reached the support zone at the support levels 19.95-20.40, the highest of the 200-day moving average and the highest of the rising trend line from the bottom of last March. If the price breaches the falling trend line from last month’s peak, the price will head to the 22.90 levels.
