Dash Bullish Divergence

The price bounces from 260.00 support level. RSI confirms price reversal in the oversold zone. MACD histogram supports upward movement. Bullish divergence gives a trend reversal signal. It's buy opportunity. But for confirmation that the market is going to move upward, it's better to wait for a breakout above the resistance zone. This zone is formed by the downtrend line, SMA100 and 280.00 resistance level. If price moves above this zone, we'll have an additional confirmation of a new uptrend. Pending orders for buy should be placed at 284.00 level with stop orders below the local swing low at 241.50 level. Profit targets are 320.00 and 360.00 levels.