But now we can see that a has formed. And if price responses with a measured move then we can anticipate a substantial move up (possibly by as much as $30).
On the price broke through the September high at the end of October. This was the first opportunity to buy into this stock but, despite the monthly , more cautious traders may have wanted to wait for price to break through the $50 half-figure.
With this now achieved a pullback (or retest of $50) and subsequent breakout could offer a secondary zone at which to buy.
I tend to trade longer-term so at the moment the $52.62 high isn't of concern to me - it could just be a small pullback. The trend is still intact, so far, with $50 offering support.
Also, I trade purely technicals. Fundamentals does interest me but not on a "need to know" basis! I don't predict future price - I just trade the trends until I get stopped out.
I will watch and see what happens, though, to Feb call.