Managed to hold within the buy zone this week and has got itself right back into the very bottom of the wedge right now, there is still more work to do to hold on the outside of the wedge, which will mean holding above the top blue line too at $84.10.
The 50 Day MA is also slightly above this again at $86.20.
So there are a number of resistance levels to work through first before we can confirm a reversal.
But I like how it held comfortably in the buy zone and just slightly above the covid low line $79.
Gareth Neary
2023-09-15 19:06:25 +0000 UTCSteele Broderick
2023-09-15 18:53:34 +0000 UTC