Fib Retracement from lows of mid March to the highs of April shows where we are in this uptrend movement started back in March. To keep it short, huge resistance at 23% Fib which is aligned with 200 MA, that is $196.7. If we break this then we will get some good moves here....... If not, it will go down, then there is a possibility for trend reversal... Lets see how it goes....
This is just my opinion, not a trading advise!
Life’s Beautiful with Trading if You Always Use Stop Loss! :)
MM
This is just my opinion, not a trading advise!
Life’s Beautiful with Trading if You Always Use Stop Loss! :)
MM
Comment:
This looks pretty good! First scenario played out... More push upward is very likely.... First resistance is $215 and then $230. Let's it watch closely....