The stock is showing great relative strength and breaking out to new all-time highs as the broader market digests its recent gains. Our upside objective near 2,015 was met in November, the stock consolidated through time, and is now resuming its long-term uptrend. As long as prices are above 2,015, then the bias is higher towards 2,565 over the next 1-3 months.
Downward channel still intact. Indicators rolling over. Strong Dollar and Economic data this week should continue to show that inflation is in check. Copper and Gold remain under pressure, whole space is broken. Head and Shoulders on 15 min chart Has downside target of 29-29.50. Long June 31 puts w/ exit upon decisive close above trend-line or downside target reached
Full Disclosure: Take with a grain of salt, I am still a novice trader and make mistakes, but that is how we learn.
Possible Inverted HS confirmed by a pickup in volume on the right shoulder. Bearish inventory levels continue to put pressure on prices although middle east tensions could cause prices to break through the $97 resistance. Sharp move higher into the...