Target hit. Technical pull back before a Higher High on 1W. Long

٢٨ يونيو ٢٠١٨

TP = 71.88 hit as the 5H Channel Up broke to the upside (overbought on RSI * 76.982, STOCH = 81.153, STOCHRSI = 92.911, Williams = -11.676) and made a new yearly High = 73.06. 1D has now recovered all of the losses since June 18 in less than 8 trading sessions (+$9). This emphatically displays the power of dip buying when the trend is bullish, as was the case with the 1W Channel Up (RSI = 65.160, Highs/Lows = 3.1421, MACD = 2.890). 1D is on a very natural bullish condition (RSI = 66.897) to test 75.00 (which is a Higher High on the 1W Channel Up) after it retraces to 71.88 or 70.60. TP = 73.97.