Just a last week, we spotted some actions with Hi-P approaching the key 1.80 level when it was about 1.79 and we were looking at a potential move above….
A chart was pulled out and some targets were drawn as seen below…
We managed to see it clear past the 1.80 level over the past few days and buyers returned…
First target to 1.90 has been hit today…
Seeing some profit taking here which is normal but any specific price action above this level can see our target at 2.00 on track…
Indicators looking good still for now with uptrend intact above 1.80… with some support at 1.85 – 1.86 expected…
Merry Christmas!
For illustration purpose only
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