CSU - Constellation Software - Long idea

I was asked about this chart, I see the long but I would be waiting for a better entry. I see a rising wedge and would be waiting for a break of that pattern typically to the downside. I see price has risen above previous resistance which is now support. This stock is in a nice uptrend, I like sound entries. I see the RSI and MACD are showing bearish divergence. I will be keeping my eye on that support line, or the 200EMA, toss in a daily candle close for confirmation and I think you have a nice long position here.

Comment:

price has broken out of the wedge to the upside...lets see what it does, throwback? continuation? or false break?

Comment:

Looks like that push was a false break out, sticking to my original analysis.

Comment:

Humm...what is this ticker going to do? my bias is upside break out and not going to get the "throwback" we were looking for. You can see how price has developed a "shortfall" and has retraced up to the upper trendline (which would have been adjusted for current price action). I would lean toward a break out upward, and hell, sure doesn't looking like the S&P500 is slowing at any point. I love trading.

Comment:

I think this ticker is gonna drop and drop hard... soon, I have never traded it.