BKT, page-821

Setup looking interesting once more, time for a look -

Daily - short term
Continues to respect the long term support now coming in at 20c. A close above the 22.5c (43day MA) would be ideal to see the price action compress nicely up into the 24c resistance level. Once cleared a run back to the previous high of 27c+ will be on the cards. A close below the 22.5c mark will continue to see chop being supported by the long term trend line. Either way it's becoming coiled and tight...

MACD making the turn where it often does just below the 0 control line. Once a positive cross is printed Iam expecting the next leg above 24c to take hold.



Weekly - medium term
For some perspective here, you can see the importance of the 24c mark and long term support playing a role here for BKT. A close above 24c will see the weekly MACD cross positive as well.