This is a potential trade I was looking at, breaking 188.40, target at 196.40, the futher to 209. RSI is high, so would possibly wait to see what happens on tomorrows open, but to me 50 and 200 day MA look trong.
Very similar setup to my previous EA post. Longer term flag formation. Could have legs on the downsite. RSI and stoch, as well as 50 and 200 day MA also point toward this being the case. Bounce from 168.80 on good volume would also be a nice trend reveral and long opportunity. One to watch..
Head and shoulder pattern, right shoulder looking like it is currently in formation. Currenly prices are right at previous resistance and support. If 76.38 is bounced from, short target is at the next level of support at 72.78
RSI and Stoch indicate market is strongly over bought, which further point toward a short play being the case over the next few days.