A price action above 133.00 supports a bullish trend direction.
The target price is set at 143.00 (against the resistance trendline).
The stop-loss price is set at 133.00.
The 200-week simple moving average might act as major support.
It appears that a rising wedge pattern is also developing (see the dotted converging trendlines). Note that this pattern is still incomplete and the expectation is that the price action might progress to the upper range of this pattern, before a correction can unfold.
The target price is set at 143.00 (against the resistance trendline).
The stop-loss price is set at 133.00.
The 200-week simple moving average might act as major support.
It appears that a rising wedge pattern is also developing (see the dotted converging trendlines). Note that this pattern is still incomplete and the expectation is that the price action might progress to the upper range of this pattern, before a correction can unfold.