Here's my BFF (Bear Flag Fail)

9 thg 4, 2015

Everyone seems to be talking about channels, consolidating, retracing, etc. I've been hearing this since the initial uptrend that started on 1/29. Ever since, it has reached $54, four times, with the last one being out of the "flag" (or penflag since it's a bit of both), and it has since been staying above the 10MA and 50MA. Of course this can just be a bull trap. A clear break above $54 will be bullish, with buying commencing at $55.

More concrete confirmations will be done in early May, whereby I expect the 120MA to hit $54