Looking at the MapletreeInd campaign, it was previously in an accumulation zone between 1.15-1.17. Today we witnessed a new high at 1.18. I calculated the accumulation phase and it projected price towards the 1.35-1.42 level in the short to mid term. This tells me that the accumulation phase might be over soon.
Looking at the broader picture, the longer term accumulation projected price towards at a higher level. For now we shall watch it's progression.
Ronald K
