The BETFI Index entered in the 27 000 - 28 000 targeted area just before end of March as noted in a previous post. The index is trending up but the strong Fibonacci and chart resistance around the 28 000 level can trigger a pullback (see updated chart above).
The break of the 28 000 resistance is targeting 30 000 and then 34 000 later on while a pullback towards 25 000 should be bought with stop loss levels just below.
The break of the 28 000 resistance is targeting 30 000 and then 34 000 later on while a pullback towards 25 000 should be bought with stop loss levels just below.
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