(Simpler version of my last chart* with arrows showing the direction.)
It's Moonday :) We had several days of sideways accumulation after the final re-distribution. Today starts a new multi-day mark-up phase**, which enables targets of $315 and up to $350 until April 2015. I expect bears to get over-run by bulls in a short-squeeze in the coming days.
Entry: $278
Stop-Loss: $266
Target: $350
//UPDATE// Entry was $278, price 5 hours later: $287
*My last chart:
**Wyckoff cycle explanation: static.safehaven.com...ors/ticker/21563.png
It's Moonday :) We had several days of sideways accumulation after the final re-distribution. Today starts a new multi-day mark-up phase**, which enables targets of $315 and up to $350 until April 2015. I expect bears to get over-run by bulls in a short-squeeze in the coming days.
Entry: $278
Stop-Loss: $266
Target: $350
//UPDATE// Entry was $278, price 5 hours later: $287
*My last chart:
