has had a good run throughout 2012. It started off strong in 2013
, and has since pulled back after bounding off the .236 retracement near $62. It has broken the teal rising trendline
and looks poised for further losses toward the 50% retracement
at 55.50 and potentially the . 618 retracement
.25. While it looks bearish
mid term, it could potentially be carving out a large bull flag
that would point upwards toward a target of $90.00 long term. If I were to trade this, it would be a long term trade and I would be looking to enter long at 44
.25 with a stop at 34.00 and a target of 90.00.