Having formed a long term bull flag, it will like test the flag resistance, Breakout of the flag will send it to first $53, the flag channel width. Flag measured move is in the $550.
The MACD broke out a while ago but retested on the lower time frames.
The MACD broke out a while ago but retested on the lower time frames.
Comment:
Thank you everybody that showed interest in this chart. It is obviously invalidated and the technical reason should be very clear to any chartists, it never broke out and on the red trendline it faked out for a day. Please see this idea from January that worked out.
