The fib extensions for both this run we had before the weekend, and over the long term match up at the $300 price point. RSI is neutral, but slightly bullish converging along with MACD and awesome indicator. Our entry for this trade was at $229, so still a god entry point.
For caution, look to take some profit at $300 or close the position to try and buy a dip. But strength may just moon past it. For those looking for a cautious exit point, $300 would be good. For those willing to risk it, watch for it to possibly go to tee 1.618 extension of $500 for this wave.
Comment
⋅
If this nice, bullish, parallel channel continues look for $300 by next week :)