6 months trading range is in effect between 39-73. The recent test at $39 could very well result to a price expansion to the upper end of the range.
Short term chart is very bullish with a H&S bottom formation, with a break out today on volume. The right shoulder took the form of 3 week ascending triangle consolidation formation which was also broken today. There is not meaningfull resistance untill $63-$65, so this could run 10 points very fast. Needless to say I bought today at 49.88 in anticipation of the break out.
Short term chart is very bullish with a H&S bottom formation, with a break out today on volume. The right shoulder took the form of 3 week ascending triangle consolidation formation which was also broken today. There is not meaningfull resistance untill $63-$65, so this could run 10 points very fast. Needless to say I bought today at 49.88 in anticipation of the break out.
