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TECHS: (M0) Focus Is On Gains *RES 4: 141.13...>

BTPS
BTPS: TECHS: (M0) Focus Is On Gains
*RES 4: 141.13 High Apr 9
*RES 3: 140.26 50-day EMA
*RES 2: 140.00 Round number resistance
*RES 1: 139.77 High Apr 30
*PRICE: 137.27 @ Close May 5
*SUP 1: 136.57 Low May 5
*SUP 2: 134.61 Low Apr 24 and key near-term support
*SUP 3: 132.61 Low Apr 22 and the bear trigger
*SUP 4: 132.30 61.8% retracement of Mar 18 - 27 rally
BTPS pulled back yesterday. Despite this, the near-term outlook remains positive
following the recent recovery off 132.61, Apr 22 low. The move higher is likely
a correction, however it appears set to extend. Further gains would expose
140.00 and an important resistance area at 140.26, the 50-day EMA. A clear break
of the average is required to signal potential for a stronger rally. On the
downside, initial support lies at 136.57 ahead of 134.61.

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