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TECHS: (Z0) Attention Is On The All-Time High

BTPS
  • RES 4: 149.16 2.236 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 3: 149.00 Round number resistance
  • RES 2: 148.97 High Feb 13 (cont) and major resistance
  • RES 1: 148.84 High Oct 5
  • PRICE: 148.59 @ Close Oct 6
  • SUP 1: 148.15 Low Oct 2
  • SUP 2: 147.32 Low Sep 28 and key near-term support
  • SUP 3: 147.29 Low 20-day EMA
  • SUP 4: 146.16 Low Sep 21

BTPS remains bullish having touched a high of 148.84 Monday. Last week's gains confirmed a resumption of the underlying uptrend. Furthermore, a positive price sequence of higher highs and higher lows remains intact, reinforcing the current uptrend. The focus is on the major resistance and all time high of 148.97, Feb 13 high (cont). A break would open 149.16, a Fibonacci projection. Initial firm support is seen at 147.32, Sep 28 low.

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