Consolidation and Seller Absorption Bars!. Buy Area -sub $54.20 down to $54.00 (I don't think it will make $53.50) Good Support at $53.10/20 (buy a few wells at that price) Struggling with the T-Line at the moment, but the 55 SMA is sweeping up nicely for added future support. Text book Dow with a break out; higher highs / higher lows and it appears to be now re-testing the breakout.
Looking at the big picture this really look like a bull trap flag, but the arithmetic doesn't work, so I am bullish until it breaks below $53 then it could free fall back to $46 coz there is nothing to stop it, then break below and back to double bottom at $37. But right now I am with the CoT and Long with a tgt expectation of those upper body gaps. Remember you are Adults and this is only my opinion, not a guarantee ... and just my 2c worth
They are in the Buy zone so trade is now active ...