nice to be up on such a down day for the market no? the hourly is a bit overbought but i think we can handle some flat/little up while it resets :) this is still just the start of the move. have to think this will be over 4 really soon and pushing for 5.
over that weekly resistance now. needs to confirm by closing the hour over it and starting the next over it as well but seems good. the next resistance line is just over 3.80 where the 50ma is as well. but we also just crossed the 13ma which is a great sign. last bump did stop at the 50 though but i think this time is different as last time the weekly we just crossed still said down. the top of the daily support channel is just over 4.25 and with the pinch/daily the way it is that line to me holds more weight than the 3.80 one. not saying it hits it today but i do think we see top of the channel soon. fib at 4.75/80 which seems a good target!
ok not high of day but wow. let me sum up the wow with this: macd has not even crossed over yet... sto is still under 50... the +di did not cross the -di yet
crazy. tells me we have a good 2 days at least like this ahead of us before it even starts to think about consolidating rather than rising. have to say this will be at least 4 by the end of the year.
ok now thinking this run has a target closer to 4.50 to 4.80 have to think this news is a very good thing and means the company is surviving and going to turn the corner.
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