Tough call on this one. It is at all time highs and going off fibs. It rejected perfectly at my projection off the yearly move to the high from the past. Now it must hold here or the level below. Not to confident in that though. I personally wouldn't touch this stock for a long until $100 range. Not going to short this or take a long until we hit major support. If I miss out that is fine!
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These kinda ideas really feel good because when I shared it, it was almost inconceivable that we would return to these levels. Note
I would not expect a huge long off these levels. If you did long them, nice that is good, I would take a little profit and hold just to see what happens. But im not really seeing us going back to the upper levels.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.