0. Notes to follow;
Note
1. Stock went way above the channel. 2. Stock broke out from $30 on November 17th;
3. Peaked at $51.25 and retraced to the top of the Breakout Channel;
4. Stock currently in distribution / accumulation and consolidation;
5. Stock should make a scalloped return to original highs with resistance along the way.
Note
Resistance on the way up:- $37.50
- $40
- $41.11
- $44
- $47.50
Note
Buying opportunities if it hits the bottom of the channel, or the scalloped consolidation on the way back up.Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.