NGGB 7241
Overall prices are in a strong uptrend after that mini range. The mini range forms a Double Support Collection Pattern which is an obvious sign that the bankers are secretly collecting behind the scenes.
Followed by a massive push all the way towards the 1.618 Golden Ratio level and prices are now testing that level. There are signs that the bankers are taking profits, however, that does not mean it is not good anymore, for a confirmation, we need to make sure that prices are able to maintain at that level and break up higher. If prices are able to do so, the next target would be the 2.618 level.
If prices breakdown instead, then a potential range or downtrend will come.
Industry: Industrial Services.
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