Hey Boomtime...
Looks too me like you've got it figured out. It the daily chart you posted looks good, but if you shorten the time frame up to 3 months todays candle is a bit to far away from the 5dma and macd is rather extended also. All this is saying is that the potential for a pullback is there. But as you said a hold until the pps drops below the 5dma is the way to trade this.
The weekly chart also has the same conditions, over extended macd and pps well above 5 dma. It's a hold for now if you already have a position, if not I would wait for a lower entry on a pullback.
Looks too me like you've got it figured out. It the daily chart you posted looks good, but if you shorten the time frame up to 3 months todays candle is a bit to far away from the 5dma and macd is rather extended also. All this is saying is that the potential for a pullback is there. But as you said a hold until the pps drops below the 5dma is the way to trade this.
The weekly chart also has the same conditions, over extended macd and pps well above 5 dma. It's a hold for now if you already have a position, if not I would wait for a lower entry on a pullback.
WT
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