Let's go make a new ATH
This pennant has been playing out for the last 27 days and should move pretty soon .
At present looks like a trend line touch from the 19th of March , point of invalidation of idea also very close so looks like a good long till 612 which i recon will reject to 588.
Price discovery after that most likely and 666 will come fast.
On the flip side we have decent support at 530 where we should see a bounce to reclaim trend line if dips below.So good point to exit your long if you have a loose stop loss and flip short to 490 zone.
15 min time frame 50 day looks like is ready to move up and 50 day on the daily offering support at trend line as well.
Currently trading at 560.40.
SL549.30
TARGETS
588
612
666
At present looks like a trend line touch from the 19th of March , point of invalidation of idea also very close so looks like a good long till 612 which i recon will reject to 588.
Price discovery after that most likely and 666 will come fast.
On the flip side we have decent support at 530 where we should see a bounce to reclaim trend line if dips below.So good point to exit your long if you have a loose stop loss and flip short to 490 zone.
15 min time frame 50 day looks like is ready to move up and 50 day on the daily offering support at trend line as well.
Currently trading at 560.40.
SL549.30
TARGETS
588
612
666
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