Our anticipated recovery in underway; we expect profit taking on the horizon before NT recovery resumption
We expect a NT recovery towards 14,200 (adj.) – 14,500 area
Our MT bullish view remains at large; we continue to expect the market to head towards the 17,000 – 17,500 range
Previously, we wrote: “At this stage, there is likely going to be an attempt to surpass last week’s high confirm that the NT recovery is back on track.
On the NT, we continue to see a recovery towards 14,200 – 14,500 range.“
Last week, the market made an attempt to clear above the week’s highs, we continue to believe that this is a decent signal to trigger the resumption of the NT recovery once more.