Double top with great RSI divergence, triggered through 100SMA and neckline, MPO shows target at 86, also 50% fib and where the 3rd touch on the uptrend line could happen. Currently closed Friday at 38.2%. Still holding short, potential long when 50% fib is hit. 200SMA is coming up to it as well.
Technically one of the best stock charts I have seen, as it is also a huge percentage of the DOW, helping to forecast its movement, their charts are very symmetrical.
Technically one of the best stock charts I have seen, as it is also a huge percentage of the DOW, helping to forecast its movement, their charts are very symmetrical.
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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.