Uptrend Support with a bullish pennant forming about to breakout.
Target price set at new uptrend resistance line.
- 5-month uptrend support - RSI and STOCH well above 50 - MACD well above Signal
Suggested Entry $74.36 Suggested Stop Loss $72.33 Target price $83.89
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.