Proper acknowledgement to the musical group The Carpenters.
We are in a bull flag, triangle forming with a squeeze in the last few daily candles. (I have not drawn the triangle as I am on my ipad, bit you can see it pretty clearly over the last few days.) I would expect that as the holidays get closer prices will flux and consolidate until around the 21st of December to Christmas, then we’ll see another push higher with steadily upward momentum until the Spring.
There seems to be some downward pressure from the MACD and stochastic, so it could get a little bumpy, but that 50 day Moving Average still says the long term is strong.
Watch the fibs for support.
We are in a bull flag, triangle forming with a squeeze in the last few daily candles. (I have not drawn the triangle as I am on my ipad, bit you can see it pretty clearly over the last few days.) I would expect that as the holidays get closer prices will flux and consolidate until around the 21st of December to Christmas, then we’ll see another push higher with steadily upward momentum until the Spring.
There seems to be some downward pressure from the MACD and stochastic, so it could get a little bumpy, but that 50 day Moving Average still says the long term is strong.
Watch the fibs for support.