The chart is solid and we had alot of consolidation in this area since crossing 2. I think we get the flippers out of the way here soon and then were off to a higher plateau. We went from 1 to 3 and sit at low 2s. I think we will blow through 3 and then 4 could be the next fib point. I do see the 100 and 200 day moving averages still sitting in the mid to high teens. Yes it looks like a big leap but its been there done that. A little gas on the fire would help..
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.