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(Z0) Corrective Pullback

BTP TECHS
  • RES 4: 152.71 1.236 proj of Oct 22 - Nov 9 rally from Nov 11 low
  • RES 3: 152.02 1.00 proj of Oct 22 - Nov 9 rally from Nov 11 low
  • RES 2: 151.63 All Time High Nov 30
  • RES 1: 151.35 High Dec 1
  • PRICE: 150.60 @ Close Dec 1
  • SUP 1: 150.39 Low Nov 18 and key near-term support
  • SUP 2: 149.64 Low Nov 12
  • SUP 3: 149.46 50-day EMA
  • SUP 4: 149.09 Low Nov 11 and key support

BTPS has pulled away from the recent all-time high of 151.63, Nov 30 high, and entered a corrective phase. Price yesterday traded through the 20-day EMA and attention is on support at 150.39, Nov 18 low. A break would signal scope for a deeper near-term sell-off and open 149.64, Nov 12 low and, the 50-day EMA at 149.46. On the upside, key resistance and the bull trigger is at 151.63.

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