BNP Paribas:
Breakthrough key resistance zone and mid-term correction. Test and break of 23.6% Fibonacci, the level successfully withstood. It is possible for the upward movement to continue, but we only seek entry after a test of the break to get better position in the market.
Indicators:
Price above 50 and 200SMA. Gold Cross.
Breakthrough 23.6 Fibonacci.
Alternative scenario: If the price breaks below 42, the downward movement is likely to continue.
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