What I like here from a technical standpoint:
Large upwards slanting Inverted Head and Shoulders with a full price target near the gap down @ 48
Price making fresh 52-week highs and trading above all three major moving averages
Currently breaking through diagonal resistance
The Yearly R1 Pivot @ 40 would be the 1st target. From here we could see a re-test of the inverted HnS neckline.
Stops can be considered just below the Yearly Pivot @ 30
Large upwards slanting Inverted Head and Shoulders with a full price target near the gap down @ 48
Price making fresh 52-week highs and trading above all three major moving averages
Currently breaking through diagonal resistance
The Yearly R1 Pivot @ 40 would be the 1st target. From here we could see a re-test of the inverted HnS neckline.
Stops can be considered just below the Yearly Pivot @ 30
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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.