By Peter Stoneham — Feb 17 - 04:20 AM
Clear break above 30-day upper Bollinger and a marked pick up in momentum
A minimum correction of the 151.94-127.22 drop cleared at 133.05
The 38.2% retracement of this move is at 136.66
Price at levels last seen in late December
Cloud base is falling away to 131.97 today
Base is backstopping the rising tenkan and 10-DMA, last at 132.41-66
We bid by 132.70 but may need to raise entry point
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Source:
Refinitiv IFR Research/Market Commentary