Weekly chart,
I can see a descending triangle pattern. The technical indicators: RSI is neutral, MACD is under 0 line. So, new entry should be after closing above 7.25 with high volume for 2 weeks.
The medium and long term targets will be 9.9 then 13.3 passing through some resistance levels including 11.9 and 12.5
Stop loss is 6.70, and raise the profit protection level as the price goes up.
I can see a descending triangle pattern. The technical indicators: RSI is neutral, MACD is under 0 line. So, new entry should be after closing above 7.25 with high volume for 2 weeks.
The medium and long term targets will be 9.9 then 13.3 passing through some resistance levels including 11.9 and 12.5
Stop loss is 6.70, and raise the profit protection level as the price goes up.
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