In terms of wave count, c correction is forming now. There may be further pullback if 100ma crosses below 200ma which will also trigger macd to issue sell signal. Should there be no pullback, then the trading range between 29.5 to 33.5 shall remain. For a breakout, 33.5 must be taken down with volume. Once passed 33.5, the next immediate resistance is 36.5 and thereafter it will retest its previous 52 week high of 40.5. Strong support is at 29.5 mark.
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