#strongly
strongly
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$GPS
$GPS HAS EXPLODED TO THE UPSIDE WHY
Looking at the chart buyers pushed the price above the previous consolidation range and created a strong breakout
The move was supported by very #Strongly momentum and rising volume which suggests aggressive buying
The 0160 to 0165 zone is now acting as the first support area
If buyers maintain control the next target could be 0180 to 0200
If the breakout loses momentum a retest of 0150 is possible
My expectation is that the rally may continue but short term profit taking could happen before the next move 🚀
$GPS HAS EXPLODED TO THE UPSIDE WHY
Looking at the chart buyers pushed the price above the previous consolidation range and created a strong breakout
The move was supported by very #Strongly momentum and rising volume which suggests aggressive buying
The 0160 to 0165 zone is now acting as the first support area
If buyers maintain control the next target could be 0180 to 0200
If the breakout loses momentum a retest of 0150 is possible
My expectation is that the rally may continue but short term profit taking could happen before the next move 🚀
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