- Trading above 600 DMA ++
- Golden cross pending. Price move to 160 in next few weeks, would make that happen.
- Inverse H&S pattern with the critical pivot line at 130.
- It will continue to ramp to 160. Quite a bit of selling to be absorbed until then. Next earnings are likely to start a fire to send this to 200.
- Bear case: Keeps selling below and breaches 115. Most likely will test ATL.
- No position yet, but I will go long next week once it backtests 130.
Trade active:
Too a Starter position @ 125.18
Trade active:
Added today at the open. Playing out as expected.
Trade active:
Working as expected. Next target 144 and then 157