Vestas Wind jumped higher from the opening on after earnings. Back above resistance at around 161.60 and above the 100 daily Moving Average. Vestas seems set for a move to the 200 daily Moving Average around 180.
RSI is above 60 threshold indicating higher levels are likely
However, strong resistance at around 174.50 – see both daily and weekly chart.
If rejected at 174.50 i.e., not closing above 174.50, Vestas could slide back to test support at around 161.60
If closing above 174.50 medium-term there could be further upside potential to strong resistance at around 193.50. Roughly where the 200 weekly Moving Average is.
A close above Vestas will test the very strong resistance at around 215.45