What I see... + Prices shot up significantly after May 11 earnings + It has since moved sideway thorugh May + The past few days had some volatility (or corrections) to pull prices back under the rising 10ma + -1d formed at long upper shadow + But Friday the Bulls came back with a strong close above the 10ma with strong volume.
- However, the MACD seems to be turning under the signal line - RSI is pointing upward but stepping into overbought zone - Resistance at $75; prices could continue to move sideway within channel
What I setup... + Long entry above the most recent NR7 - Stop at Friday's low + Target at 2.618 Fib (17% away) :: Duration - weeks to months
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