Block Breaking Higher? We look to Buy at 128.09 (stop at 115.10)
Block - Short Term - We look to Buy at 128.09 (stop at 115.10)
Preferred trade is to buy on dips. 50 1day EMA is at 124.21. Previous resistance at 130.00 now becomes support. 5 positive daily performances in succession. There is scope for mild selling at the open but losses should be limited.
Our profit targets will be 168.31 and 185.19
Resistance: 150.00 / 170.00 / 200.00
Support: 130.00 / 100.00 / 83.00
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