#BA looking at this step-pattern, I see a very low, risk high reward. If it tests the $187.10 resistance tomorrow, expect to see numerous attempts until this breaks through. Next resistance is at $216 (15.45% increase). Looking at the history of the stock when it has a RSI above 70, it tends to drop before it rallies so IMO buying an hour after the open would be big money $. Comment other stocks you would like me to analyze below
@MateuszZakrzewski, good catch. Im guessing this falls back to 130 next week.
thomasdn148
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Do you think the rally will happen today?
aschodrof32
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@thomasdn148 it fell back to its first step but I would refrain from holding anything over the weekend.
russmunster23
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@aschodrof32, so your suggestion is to cash out today then wait for Monday and (hopefully) it dips?
aschodrof32
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@russmunster23, I am on the sideline right now. Biggest mistake is to buy into a bounce during a short run bull market. I would suggest buying once the market corrects down towards the lows from last week-ish
T2Trades
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Do you see this correcting soon?
aschodrof32
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@brodys, Correcting this short bull run or back to normal levels (300s)?
aschodrof32
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@brodys, I actually see a head and shoulders pattern. That is a Bearish sign. My guess is this falls back to the 130s next week