Possible long if the price moves above 200 mark and above the 200 day moving average too.
It could then test the 220 area. It it breaks past this is could test 260 area.
Still need to see higher highs and lower lows on the daily chart to generate a bullish bias.
For a good risk/reward once it breaks past 200 you would have to hold until 260 area.
To the downside -
However, if the price breaks below 165 area, it could do down to 140-130 zone.
As always do your own research. This is not a recommendation to buy or sell, only an overview of the latest price action.
It could then test the 220 area. It it breaks past this is could test 260 area.
Still need to see higher highs and lower lows on the daily chart to generate a bullish bias.
For a good risk/reward once it breaks past 200 you would have to hold until 260 area.
To the downside -
However, if the price breaks below 165 area, it could do down to 140-130 zone.
As always do your own research. This is not a recommendation to buy or sell, only an overview of the latest price action.