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TECHS: (Z0) Fresh High Print

BTPS
  • RES 4: 148.97 High Feb 13 (cont) and major resistance
  • RES 3: 148.66 2.00 proj of Sep 1 - 3 rally from Sep 8 low
  • RES 2: 148.27 Aug 20 high (cont)
  • RES 1: 148.22 High Oct 1
  • PRICE: 148.08 @ Close Oct 1
  • SUP 1: 147.32 Low Sep 28
  • SUP 2: 146.85 Low 20-day EMA
  • SUP 3: 146.16 Low Sep 21
  • SUP 4: 145.56 Low Sep 15 and key near-term support

BTPS traded higher yesterday achieving a fresh high print of 148.22. This confirms a resumption of the underlying uptrend and maintains a bullish focus. Furthermore, a positive price sequence of higher highs and higher lows remains intact. The focus is on a key resistance at 148.27, Aug 20 high (cont) where a break would expose major resistance at 148.97, Feb 13 high (cont). On the downside, initial firm support is at 147.32, Sep 28 low.

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