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TECHS: (Z18) Rally Intact But Losing...........>

BTPS
BTPS: TECHS: (Z18) Rally Intact But Losing Momentum
*RES 4: 132.88 High May 28 (Continuation chart) 
*RES 3: 129.97 High July 19 (Continuation chart) 
*RES 2: 126.55 100-DMA 
*RES 1: 125.69 High July 31 
*PREVIOUS CLOSE: 124.43 
*SUP 1: 122.03 21-DMA 
*SUP 2: 120.47 Low Aug 16 
*SUP 3: 122.05 Low June 8 (Continuation chart) 
*SUP 4: 121.02 Low May 30 (Continuation chart) 
The Dec-18 BTP made it to five consecutive daily gains last week yet Friday's
weak close cautions of a pause in the rally. Bulls need to hold the 55-dma to
keep the focus higher and target the July 31 highs at 125.69 ahead of the
100-dma. A break above here would give bulls further upside momentum and confirm
a bottoming pattern. Bears need to break back below the 55-dma to target the
21-dma and return the focus to the 120.47 Aug 16 lows.

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