My guess is a gap fill induced by the current market situation before we start inching higher. Buyers showed up at 100EMA yet momentum dried out with the overall market sentiment. However, earnings beat & stock buy-backs are an incentive to keep the engine running on this one.
If you're bullish, keep an eye on 510-515 range. I personally believe the stock can go up to 600$ from these levels after the current profit-taking party is over and buying appetite is back to the table.
If you're bullish, keep an eye on 510-515 range. I personally believe the stock can go up to 600$ from these levels after the current profit-taking party is over and buying appetite is back to the table.
Comment:
555 at the time of writing and another 9 -10% to go, easy.