Weekly price is located above 200 SMA for trying to break the resistance level at 59 to above for the strong bullish trend to be continuing.
The price is within 53/59 s/r channel for the secondary correction to be started with 47 level as the possible re-enter target for the bearish reversal or for the bullish trend to be continuing with the resistance lebel at 59 to be broken above.
The Stochastic oscillator is on overbought condition indicating the secondary correction to be started in the near future.
Trading Summary: waiting for the levels to be crossed on close weekly bar for possible direction in lower/intra-day chart for example.

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