HTPADU is edging higher, breaking key resistance at 1.43 which was preceded by a Golden Cross and a reversal V-bottom pattern. Momentum is building up, signify the price is likely to rise further to our Fibonacci target level 2.618 at 3.09. It may meet resistance level at 2.04 on the way up. In the opposite scenario, the movement below 50-period MA will push the price lower.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.