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TECHS: (M0) Needle Still Points North *RES.....>

BTPS
BTPS: TECHS: (M0) Needle Still Points North
*RES 4: 141.13 High Apr 9
*RES 3: 140.39 50-day EMA
*RES 2: 140.00 Round number resistance
*RES 1: 139.77 High Apr 30
*PRICE: 138.79 @ Close May 4
*SUP 1: 137.14 Low Apr 27
*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 outlook remains positive with the recent recovery off 132.61, Apr 22 low
still intact. The recent move higher is likely a correction however, it appears
set to extend. Further gains would expose 140.00 and an important resistance
area at 140.39, 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
137.14, Apr 29 low ahead of 134.61, Apr 24 low.

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