The stock is expected to complete its final move to Wave 5 of (V) before undergoing a significant correction, constituting a substantial correction in my view.
My extended target for the upward trend is $143, with plans to consider short positions thereafter. The recent upward movement appears to be forming a rising wedge, adding to the overall wedgy appearance.
The RSI shows a substantial bearish divergence since the completion of Wave III, signaling that Wave V is still underway. While the situation evolves, my current stance is to maintain a long position.
It looks like the fib level above your line is around $151. Looks like it is about to hit that and it should reverse from there. I've been waiting since Nov for it to reverse and fall so I can add to my shares. But the thing just keeps climbing. Which is good for the shares I already own. But doesn't give me a chance to buy back in. I'm hoping for a reverse about now at about $151.50. That's been the next fib line for the past few months.
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