The price bounces from the uptrend line and RSI confirms price reversal. MACD supports upward movement. If the price breaks the resistance zone formed by SMA100 and 200.00 resistance level , it will be a confirmation of upward movement. Buy orders should be placed above this zone at 205.00 level. Stop orders can be at 165.00 level. Profit targets are 300.00 and 400.00 levels. The part of volume can be left for long run.
If you like my analysis please help to upvote and follow
Enjoy trading
Thank you