The gap is filled, Maribuzo resistance is broken, H&S pattern is formed. I think now we will see on many graphs final fifth wave. Therefore, we must prepare to take profits.
Judging by the accuracy of bounces, the basic line of Bollinger can serve like a stop.To summarize, despite strong rise, I would not hurry to close the position.
A trade above 15.50 would confirm the bullish bias. Targetin 17.74 on the 1/1 bull Gann (1st of July 2014)
The end of a trend should be similar to its beginning.
Good risk/reward with stop not far below $14. Strong growth potential and last earnings report showed the story is real, with profitability this year. Company is exposed to growing use of natgas as a fuel for buses and trucks, which is growing fast -- especially in China and India. The chart has also broken the downtrend and has been showing bullish divergence
I entered this short position (PUTS) on Friday. RSI is getting a little oversold, but it should have plenty of room to go down in the channel.
20-This is a very strong resistance line.Buyers are directly above it.
The upward trend formed. The yellow line can be used as a stop line.