* Exceptional earnings
* Very strong up trend in the long term
* Very high 3-month relative strength of 6.35 in the Tech sector
* Pays out dividends
* I last discussed this early December 2021 when it broke out of an 11 month base.
* Since then it did move higher and due to recent market conditions it had a slight pull back.
* Used $163.03 as support before breaking below.
* Now it's breaking out of the pull back zone and showing signs of going higher.
Trade Idea:
* Given the market uncertainty you can wait to see how it behaves next week.
* You can enter at today's close
* Or if you're looking for a slightly better entry you can look for an opportunity near the $163.03 area.
* If you have access to Volume Profiles you can see that the $163 area did receive quite a bit of volume so I would expect it to serve as support moving forward.
* Very strong up trend in the long term
* Very high 3-month relative strength of 6.35 in the Tech sector
* Pays out dividends
* I last discussed this early December 2021 when it broke out of an 11 month base.
* Since then it did move higher and due to recent market conditions it had a slight pull back.
* Used $163.03 as support before breaking below.
* Now it's breaking out of the pull back zone and showing signs of going higher.
Trade Idea:
* Given the market uncertainty you can wait to see how it behaves next week.
* You can enter at today's close
* Or if you're looking for a slightly better entry you can look for an opportunity near the $163.03 area.
* If you have access to Volume Profiles you can see that the $163 area did receive quite a bit of volume so I would expect it to serve as support moving forward.
