Conversely, a decisive daily close below 213.00 would increase bearish pressure and could trigger a move toward 212.00 and 211.00. Overall, the bias is neutral to slightly bearish in the short term but remains bullish in the medium term unless the ascending channel is broken to the
Key Points:
- Long-term trend: Bullish
- Short-term momentum: Bearish (price below 20 SMA)
- Key resistance: 214.50, then 216.00 to 216.20
- Key support: 213.00, then 212.00, 210.75 to 211.00
- Bullish trigger: Daily close above 214.50, stronger confirmation above 216.20
- Bearish trigger: Daily close below 213.00
- Upside targets: 216.20 > 218.50 > 220.00
- Downside targets: 212.00 > 211.00 > 209.75