The indicator in my algorithm has shown good results in this last month on the (blue rectangles in the original post on my blog).
This ticker has been ranging in a box between 53.00 and 56.85 (apart from a couple of false breakouts long) which suggests - together with macro indicators - that the price is being contained in that area.
The moving averages on Friday seemed to be pointing to the LONG side and a price confirmation would trigger the trade.
Another interesting indicator would be the breaking of the level at 59.00 which might potentially skyrocket the price in the area of the 67.00.
A box break Long would thus have a first cap at 59.00 whereas a break Short would meet a first support in the area of 49-ish and another further down to 44 .5
Given the sentiment for this ticker, even in case the breakout goes short at the moment I would aim at the first take profit, as it is currently not probable that the ticker depreciates down to the 44 .
Prices refer to this chart and may vary with other platform/brokers.
I always discuss and follow up these ideas on my blog.