BUX
Following the new high, we are seeing a minor correction that has already dipped slightly below the previous high of 134,000. If it manages to hold the 133,000 level, this could pave the way for the formation of a further trend-confirming pattern in the short term. If it breaks through and tests lower levels, it may be harder to recover afterward, and a lower high could follow. As long as the uptrend remains intact, we cannot rule out the possibility of reaching the 150,000 area, which was indicated by the previous trend-confirming pattern. So as long as the thin green trend line doesn’t break, the trend could remain bullish.
Resistance levels: 140,625; 143,750; 150,000.
Support levels: 131,250; 125,000; 118,750; 112,500; 106,250; 100,000.
