Analyst Thoughts - Top 40 Medium-Term

CONSOLIDATION PROBABILITIES.

• View: Ongoing R1/M consolidation to complete the PQ larger correction. An eventual bull trend to T2 and beyond remains likely.

• Interim:

  • The preferred outlook is for A,B,C gains, followed by W,X,Y downside.

  • This shorter-term illustrated outcome is, however highly speculative, as the complexity of the PQ phase makes a number of alternatives feasible.

• Execution: Contrarian trading at extended parameters to limit ad hoc moves.

Target and Re-assessment Levels:

Important Levels: R0* and S1*

Primary Trend: ABC bull phase to R1, followed by downside to S2

Prevailing Trend: R0*/S1* consolidation

Monthly Range: R0*/S1*

Technical Rating: Speculative on interim detail

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