Share price has now closed above the long term down ward trend line off the peak price in 2018.
Its approaching a key resistance zone which did not breach in early June. A crossing of this zone (two dashed red lines) should lead the price higher to the $40 range.
Combined with upcoming earnings and a continued sector rotation out of Tech and into industrial and 'value" stocks I have a optimistic view of this happening. Have moved my SL up from break even.
Its approaching a key resistance zone which did not breach in early June. A crossing of this zone (two dashed red lines) should lead the price higher to the $40 range.
Combined with upcoming earnings and a continued sector rotation out of Tech and into industrial and 'value" stocks I have a optimistic view of this happening. Have moved my SL up from break even.
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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.