Price has already broken the long term upward trend line. I am currently waiting for a break of the neck line trend line to initiate a short with a target of 35.
I will initiate a 1 in the money and 1 out of the money put debit spread
WATCH for possible breakout above 34.68, no resistance in area just above.
Type: True breakout from triple resistance.
Target: 36.31, 6.6% Stop: 33.59 Loss: 1.4% P/L ratio: 4.7 : 1 - Excellent