2. Failed to break over resistance at $149.25 / $149.50 on June 7 2020;
3. Stock showing a Cup & Handle Formation, that may take place, and allow the stock to move over $150;
4. Move over $150 should lead to the top of the current channel at $175;
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5. Pullback in this stock to the $140 range would be a good entry point if you are looking for a longer term entry, or a swing trade to possibly the top of the channel;
6. Stock may consolidate here before moving over $150;
7. Scaling into any position here would be advisable, support in the $139.50 range, and should that fail, look for congestion and supply area at $135 for stronger entry;
- drchelsea
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8. Also an Asymmetrical Triangle resolved at the bottom on the Channel on June 29th, and this breakout was clearly a continuation pattern;
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9. Expect this to head higher after consolidation to the top of the channel;