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TECHS: (U0) Uptrend Intact

BTPS
  • RES 4: 148.97 High Feb 13 (cont)
  • RES 3: 148.95 High Mar 4 (cont)
  • RES 2: 148.95 1.0% 10-dma envelope
  • RES 1: 148.16 High Aug 5
  • PRICE: 147.56 @ Close Aug 11
  • SUP 1: 146.70 20-day EMA
  • SUP 2: 146.37 Low Aug 3
  • SUP 3: 145.62 Low Jul 21
  • SUP 4: 144.92 Low Jul 20

BTPs shrugged off volatility last week for a bullish close Friday. This keeps upside target at 148.80 vol band resistance and 148.95 last seen on March 4th. MA and momentum studies remain bullish, but have weakened a touch due to Tuesday's modest weakness. Attention is on 148.32 next, high Mar 4 (cont). Initial firm support shifts lower to 146.37, Aug 3 low.

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