Multiple indicators here suggest that the stock is range bound and therefore appropriate for a range trading strategy.
A break above the high is unlikely giving the softness the price is exhibiting.
A retrace back to $42.44 which is the up trending channel and the 0.236 fib is the more likely scenario.
MACD about to cross over and the parabolic SAR fast approaching the price are icing on the cake here.
A break above the high is unlikely giving the softness the price is exhibiting.
A retrace back to $42.44 which is the up trending channel and the 0.236 fib is the more likely scenario.
MACD about to cross over and the parabolic SAR fast approaching the price are icing on the cake here.
