Saturday, March 19, 2016 2:45:51 PM
The upper red line on the Volume by Price chart is a little under $7 - over that there is very little resistance. The gold line above the lower red line is at $3.50. This is the range we have been trading in but volume has dropped off since mid February. The three smaller bars top out at around $8.50.
Over $8.50 we could blue sky.
FTR turning positive - this is the best leading indicator I have found . Slow stochastic about to turn, OBV shows the volatility is gone and turning positive. A/D is neutral.
So yes, believe they will run it hard and fast toward that $8.50 and back fill, trying to get some to take profits and miss the final run, but over $8.50 the next resistance is about $10.50 and it is weak, so the guy with the July $10 calls will probably clean up.
IMO, of course.
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