
In the short term the title could correct.
Our pivot is located at 35742
Predictable scenario: as long as support at 35742 holds, we can point towards 39003
Alternative scenario: below 35742, targets at 34509 and 33774
Analysis: The RSI hovers above the 50-point equilibrium line. The MACD is positive and hovering below its moving average. In the short term the title could correct. Observe that the volumes have been increasing for a few days.
Supports and resistance:
40475 **
39739 *
39003 **
38267
36886 (last trade)
36227
35742 **
34509 *
33774 **
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Thanks for reading
Gafico from tradingview.com