Everyone has been predicting this breakout for the past 3 or 4 days, and it just came true. It is looking like it could hit $260 to $270 based on the flag. But the larger 1-hour cup and handle suggest it could go even higher, maybe as high as $350 to $360.
I'm pretty new to this and have been working on some software strategies since late December and trying to learn about technical analysis. Now is the time to hold and ride it up. But when should we take or profits?
I'm pretty new to this and have been working on some software strategies since late December and trying to learn about technical analysis. Now is the time to hold and ride it up. But when should we take or profits?
Comment:
If we can apply the same patterns at the 1-min level, the BBs are pinching now and it is at the end of a wedge. It looks like another $5 to $10 jump to $250 to $255 is about to occur.
Comment:
lots of resistance at $250