After trading below the dotted purple resistance line for the better part of 2022, TOTAL has finally broken out. To add, the break out was a magnificent break out > retest > continuation of the trend. Very bullish!
I'm looking for more gains in the near-term. See blue lines for my targets.
Long-term still looks muddy. I'm quite confident that we're not going to make a new all time high this year, but surely we can see nice profits coming to us!
Personally, since we are back in the range we have been trading for 6 months straight of 19K to 25K, we won't see much more upside nor downside until macros change. We are trading in the UQ, so probably a move to 21K. Don't get your hopes up on strong pump, we will be staying here for a while (even though I think 15K was the bottom).
RLinda
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Thanks for the idea) Cool chart
trytofeelpositive
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agree with ur bullish vision, but like for me we need to correction, and then we can show continuation of growth
DeGRAM
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Thank you for sharing your analysis.
Solldy
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It's a bold idea, but in my opinion it's stupid. Nothing personal, just our arguments diverge 😅