I called out this idea way back as we were in a huge fallingnwedge. I talked about $43 being a great place to start going long and it worked out perfectly unfortunately I didn’t make the play however I started looking back at it recently. What I see is a breakout of a pretty large pattern they could bring us up to A target of $62. As of right now we created a rising wedge and we are holding support above this rising wedge resistance line. However we do have some Berriste divergence on the four hour timeframe which could be a bear sign. This is also very critical resistance so to see a pullback here wouldn’t be out of the question and I probably would expect a rejection personally. Could be a great shorting opportunity
@Erictaylor, - Enter once price goes back to ~ 53, SL @ 51, Target 60. Jeff Bishop one of the founders of Raging Bull - I got a subscription last year he has multiple services and fully explains his rational regarding trades and takes questions. For weekly short term calls I would guess he is correct 60% - I find listening to his rational for trades the most valuable part of the service - stock tips are not my thing so I mostly paper trade the suggestions.
Erictaylor
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@HAPPY_TRADER_1979 Aweosme makes perfect sence to me ! Must see the same thing as me LOl