Key Takeaways:
+Consistently making higher lows (5 times) and squeezing into triangle on flat supply zone for ATH breakout
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA
+After running up from 260 in early Jan we've found a horizontal supply zone at 308 which we should squeeze into should we continue making higher lows
+Breaking 308 will send us to ATHs and I would expect a ~$15 move topside with breakout for 2 reasons:
1)After 1st 308 rejection we retraced about $15 into 290 area and I'm treating this as the 'consolidation zone' (like triangles and other price patterns)
2)Since forming the uptrend, we've moved up $40 and a 1.382 fib extension of the uptrend lands us at that $15 move as well
Keep an eye on this ticker with a 308 breakout into ATHs!
+Consistently making higher lows (5 times) and squeezing into triangle on flat supply zone for ATH breakout
+Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA
+After running up from 260 in early Jan we've found a horizontal supply zone at 308 which we should squeeze into should we continue making higher lows
+Breaking 308 will send us to ATHs and I would expect a ~$15 move topside with breakout for 2 reasons:
1)After 1st 308 rejection we retraced about $15 into 290 area and I'm treating this as the 'consolidation zone' (like triangles and other price patterns)
2)Since forming the uptrend, we've moved up $40 and a 1.382 fib extension of the uptrend lands us at that $15 move as well
Keep an eye on this ticker with a 308 breakout into ATHs!