NXPI 91.45 – Probes key resistance clusters on the daily chart

NXPI 91.45 –bullish – Probes key resistance clusters on the daily chart

NXPI is probing key resistance clusters on the daily chart including the 200 day moving average currently at 92.09, the 3.5-month falling trendline (from June 1, 2015 peak) and the 50% retracement of the 114.00/72.05 fall at 93.12. A decisive upside breach of the area would extend the 4-week rally towards 94.90 (September 9, 2015 high) next. 89.13 (September 16, 2015 low) near the rising channel support should hold dips.

Outlook:
Daily: bullish
Weekly: bullish