I would like see the current high 196 taken out before i enter into a trade.
The rectangle above the cup has to be broken as resistance is felt in that area.
The stock is above 200 EMA and 50 EMA is above 200 EMA
so even at 196-198 levels a good $40 move very much possible with stop loss being the lower rectangle around 182 184 levels.
Also waiting for Stochastic RSi to turn upside for a better conformation with a red to green bar.
The rectangle above the cup has to be broken as resistance is felt in that area.
The stock is above 200 EMA and 50 EMA is above 200 EMA
so even at 196-198 levels a good $40 move very much possible with stop loss being the lower rectangle around 182 184 levels.
Also waiting for Stochastic RSi to turn upside for a better conformation with a red to green bar.