I'm expecting a few days of buyers here. The top at $119.33 could be resistance, but we could go a little higher. RSI pretty heavy, MACD flat for now. OBV is flat, Accumulation/Distribution is bullish.
I'm watching for the potential Mother of Drops. Purple line has shown since Jan 2018, any open on the trend line has been a red day and led to drops of around $10 or more. Could see this occurring in the next few days-weeks depending on trade news and its effect on the market.
If we close above this trend line, I will be just waiting to see.
Please feel free to comment if you see things differently.
Don't listen to me. I have no positions right now.
I'm watching for the potential Mother of Drops. Purple line has shown since Jan 2018, any open on the trend line has been a red day and led to drops of around $10 or more. Could see this occurring in the next few days-weeks depending on trade news and its effect on the market.
If we close above this trend line, I will be just waiting to see.
Please feel free to comment if you see things differently.
Don't listen to me. I have no positions right now.