Slight divergence forming with cross likely in next few days. Potential bear trap occurred on June 28th as price broke below support but has since regained that . Clear pattern is coming to a head in the next few days as price moves up towards trendline resistance.
is usually considered a , but given the divergence, the potential bear trap that resolved higher, the longer term stock trend, and the narrative of pent up travel demand, I'm inclined to play for a breakout. Will change my mind if price makes a lower low below the "bear trap" and or dips below the 200 day, roughly $130.
Have been long the stock since 2.22.2021 at $144.96. Long call options as of 7/ 01 /2021.