It failed few days ago, but now it has actually broken out. The pullback from the previous breakout was a shakeout - we only know this after the shakeout has happened.
Comments
brianz820
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may be a false breakout, 5 year downtrend line will squeeze the breakout.
seine
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short squeeze can take it much higher. i would get out before the earnings though. earnings had been bad for a long time. i don't know how it will be this time.
seine
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why do you use so many indicators at once?
brianz820
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Why do in 2 what you can do in 1? :)
seine
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i mean you don't need of all them because they are technically the same.