The current price is 25.24 and trading above the rising 40 week moving average of 23.06. Since the middle of October 2022, this market has seen a series of higher highs and higher lows and is now targeting the upper trendline resistance level of 28.00.
Should we get a weekly close above the longer term resistance level of 28.30, expect volatility to pick up and set a price focus on the $38 level which marks the 61.8% Fibonacci upside projection target based on the entire 12.58 - 28.30 range measured since March 2020.
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