Nice run-up after a good ER/guideance as well as a $40 PT upgrade from Morgan Stanley (Also rumors about AAPL) - Strong relative strength over the past two weeks in addition to a steady increase in volume - Maintained support bouncing off the 50day MA - Looking for a breakout if it breaks top resistance
Looking for a breakout at the $42.00 level and was bouncing off the 50day MA on the 5th: PT- $42.50 - Inverse Head & Shoulders on 1 month accompanied by a steady increase in volume as rotation into the sector as well as unusual Bullish option activity (Call Sweeps). Needs to break and hold above resistance
Thinking there will be some consolidation around this level and then a bounce from here unless the market takes a further pullback. Fira Sale
Hoping for some consolidation and a bounce from this level📈 Time will tell
Expecting a consolidation around the $6.14 level but of course depends on buying/selling volume as this has been a fairly hyped up stock- will be interesting to see how today plays out- would love to see a breakout from here
Thinking a gap up is more likely however given the current market volatility could go either way therefore best to prepare for either scenario. Best of luck