BUX
For now, technical overbought conditions have caused the rise to stop at around 128,125 and begin to slide. The upward trend is defined by a jagged line. However, a correction cannot begin in earnest until a clear reversal candle appears. A significant trend reversal can only become realistic if we see a decisive, strong downward day accompanied by significant turnover, thus signaling a weakening of buyer dominance. Until then, 131,250 is the next level along the trend.
Resistance levels: 129,688; 131,250.
Support levels: 112,500; 106,250; 100,000; 93,750.
