Soooooo much important info in this chart. We've just broken out of a 1200 point consolidation range off of a double bottom. (blue line) So there's that. We just broke out of overhead resistance (down sloped yellow line) from 12/17 and 5/4. So there's that too. We've just made the first of a higher high in a couple of months. That's no 3! Yay!!! Well.......we're technically in the definition of a downtrend, and at the time of this report, we don't have great volulme. End result...........the pullback, or the next move will tell us if this was just a short squeeze or the beginning of a longer move up.
Trade closed: target reached:
Oh yeeh....you can see we've had a high today which was also a low on 4/1 and 5/29.....and a downside breakout on 6/10, so its important!