A wedge breakout and a new all time high is today's story. Headlines, analysts expectations all contributed to fuel the price. The stock is an uncharted territory.
At this point buyers need to defend the breakout level to keep the upside intact. My expectation, based on the market theory, is to see a pullback to establish a short term floor and then beginning of the consolidation at higher prices. I projected a potential area where the consolidation would take place in the near term.
10/11/2019
At this point buyers need to defend the breakout level to keep the upside intact. My expectation, based on the market theory, is to see a pullback to establish a short term floor and then beginning of the consolidation at higher prices. I projected a potential area where the consolidation would take place in the near term.
10/11/2019
