Just came across this out of no where, I'm not looking at the here and now of this stock, I'm looking into the future.
We are currently in consolidation, and we have not left this range for some time. We have seen higher highs in this consolidation area, and we have a nice , long term zone, which lands on the area of consolidation.
I would expect after this accumulation, there will be a nice up move and for the longer term picture we will be looking to go, for the remainder of the year I would have thought.
NOTE: The moving averages are converging, usually this sort of action leads to an integral , sustained price move, when the breakout is proper.
Obvious breakout level is above the line of the recent resistance.
Good luck to all,
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I find this comment out of your little speech very cute, considering I worked for many banks and Sachs for years gives me a nice indication, that I must know what I'm talking about. I wouldn't be bothered if you disagreed. But to tell me how to trade isn't what I would recommend doing, as I might put you in an awkward situation.
I give up my time to give people trades. And don't really take well to being taught how to trade by a glorified amateur who's read some google pages about an upcoming financial utopia. I could give you my speech on this, but actually my fundamental data research results and outcomes are actually a secret, and my ideas come up here, converted into ideal, technical situations (To satisfy calling me a technical trader, funny)
Since most people here are RETAIL traders, and i'm a PROFESSIONAL trader. I find your advise naive, and plagiarised, and actually quite rude. You didn't know if I was technical at all, you assumed, a lot like you assumed in your essay here. I am a fundamental trader, who optimises technical situations... But nice assumption
Good luck. Live well.