Have an option play on this one and i am up nicely. Daily chart shows this one ready to break out of the pennant or flag. MACD is closing red getting ready to turn green, and the RSI is heading up towards the overbought territory. Using the flag pole method in which you use the flag pole to measure the price target i give this a 17 dollar price target. Learned this from the TD Ameritrade educational courses.
@kdougherty67, Yes, a pullback was needed. i see red days as opportunities. Biden administration will be putting a emphasis on clean energy.
kdougherty67
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@Dc1392, I feel the same. I jumped on board a little too early and it's hurting for now is all haha.
terlynch62
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agreed. I saw the same thing
Dc1392
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@terlynch62, Markets in the red as with everything else. small pullback, great buying opportunity.
terlynch62
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@Dc1392, agreed. I just updated my chart that was basically the same as yours. 1 month, 3 month and 6 month view looks fantastic on moving averages. It is either below all four major moving averages or sitting right at 200 day MA. The Stoch and RSI looks low... it looks like a fantastic entry point to me.
mercifulBoa16204
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Time frame for target of 17 ?
Dc1392
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@mercifulBoa16204, Id say about a week. Wouldn't be surprised if it happens maybe by the end of this week.