Weekly chart closed it's latest candle in the green again - that is 8 of the last 9 green with last week having consolidation - as I expected - see a couple posts ago.
Hot to play this? Will likely go above the bb's early tomorrow. Then a little consolidation. The 30 min chart is still strong, so look for a move back up - even by 10am. I expect a good day Monday, but by the end of the week things will likely tighten up - still green candle, but likely won't close the week as high as early during the week. One of these days we will likely see $7.85ish. I expect it to happen after closing the 30 min (completed candle) above $7.20. If the volume drops on the way up, take some off the table. If volume increases, no need to sell even if well above the bb. If it happens according to plan, I will take some off the table at around $7.85 - volume and bb will be my strongest indicators. Should there still be considerable short, I will wait for the dip and then get back in with 2 feet.
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