The daily price is on ranging near and above 200 SMA:
- if the price breaks 302.88 level to above for the daily close bar and with 319.14 target to re-enter so the primary bullish trend will be resumed and continuing;
- if the price crosses 200 SMA to below together with 281.31 support so the bearish reversal will be started;
- alternatively, the price will be on the ranging to be near and around 200 SMA waiting for the direction of the trend to be started.
Trading Summary: ranging for direction
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The price broke 302.88 lebel and 319.14 level as well to above for the primary bullish trend to be continuing. For now, the price is on secondary ranging to be near and above the level at 302.88 waiting for the direction of the strong bullish trend to be continuing or to the secondary correction to be started.
The price broke the resistance level at 302.88 to above together with 319.14 resistance ... the target is 348.48 ... the bullish trend is to be resumed.
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