Technically speaking we have broken out of that little .25-.29 channel we were in. Posted a Doji today, signaling some uncertainty. Stochastics are alittle high and have to cool off alittle bit. Wouldn't surprise me to see a small pullback to the .28-.29 range and test the new support. This will cool off the stochastics also.
I believe this will be the last buying opportunity at these low prices! From there we break .46 and head to .60 in January
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.