What I see... + Prices bounced back from mid-March low of $110 forming a v-shape pattern + Along the way, prices zig zac along major Fib marks + Huge vol. back in Dec! + Prices moved side way in the past few sessions + MACD has crossed upward + Both 10 and 50 MA are above 200MA + RSI at 62 + 52 week & all-time high
- prices are distance from 10MA - prices could continue to go side way, within channel, until 10 MA has pulled closer - Slight upper shadows across the past few sessions
What I setup... Long entry if break above last week's high Target at 0.618 Fib Stop at -4d low