Short term view - SIKA AG : The bullish gap has been tested, the rally resumes.
The trend is still bullish, the invalidation level is below CHF 130.14. The target is at CHF 149.00.Arguments :
- Prices are pulling back to the major support level (previously a resistance). The rise will resume afterwards.
- Prices made a new all-time-high, this confirms the strength of the trend.
- The moving average is supporting prices.
- The bullish gap has been tested, the rally resumes.
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