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TECHS: (M0) Recovery Likely A Correction.......>

BTPS
BTPS: TECHS: (M0) Recovery Likely A Correction
*RES 4: 141.13 High Apr 9
*RES 3: 140.00 Round number resistance
*RES 2: 138.79 High Apr 16 and near-term key resistance
*RES 1: 136.70 High Apr 21
*PRICE: 135.88 @ Close Apr 23
*SUP 1: 134.88 Low Apr 23
*SUP 2: 132.61 Low Apr 22 and the bear trigger
*SUP 3: 132.30 61.8% retracement of Mar 18 - 27 rally
*SUP 4: 130.00 Round number support
BTPS found support again yesterday following the recovery off Wednesday's 132.61
low. The bounce is likely a correction and conditions remain bearish. Price this
week traded through 134.85, 50% of the Mar 18 - 27 rally and 133.73, Mar 18
high. The print of 133.73 means a gap created on Mar 19 has been filled. The
focus on 132.30, 61.8% of the Mar 18 - 27 rally. Initial resistance is 136.70,
Tuesday's high. A break of 138.79 level, Apr 16 high reverses the tone.

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