My last post also described a possible bull flag that picked out a top that is very close to where we currently are sitting. It took a little longer to get there than I anticipated, but that is ok. We were able to launch off of the 50 EMA and are now sitting on the underside of the 100 EMA.
I think if we can break out from the 100 EMA we can make a climb up to around the 1.414 extension, somewhere around 9310-9350. At this point the 200 EMA will be just above, around 9480. If we do get above the 200 EMA, somewhere past 9500, that would be a really good sign; look out.
I think if we can break out from the 100 EMA we can make a climb up to around the 1.414 extension, somewhere around 9310-9350. At this point the 200 EMA will be just above, around 9480. If we do get above the 200 EMA, somewhere past 9500, that would be a really good sign; look out.
