.
The price action since then tends to indicate that there is support at 160. However, there is also a declining trend line which must be overcome. For the time being best to avoid it and consider going long on a weekly close above 200d especially if supported by strong volume. Here is the latest daily chart.
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Disclaimer: The above analysis is just that - my analysis. If you choose to trade on the basis of this analysis, you will be solely responsible for the outcome of the trade - profit or loss. Please keep in mind that trading and in particular day trading is not for the novice and there is significant risk of loss of capital in trading
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