Simple stuff.
- After a ripping 20% day with no major announcements its ESSENTIAL to take at least some profits (25%+). *Remember* At the END of a trend you get large bullish upswings (parabolic movements) based on no discernible announcements.
I am still hoping for $3.5-5 EOY so looking for entries between 1.5-1.6, probably over the weekend dip.
Not sure which cup and handle to take because i am not picasso. But u may agree on what I see
Target 1: $22.50
Targer 2: $25.00
However you like to draw it, we have confirmations now of a cup and handle formation on the longer time scale.
CUP AND HANDLE RULES:
The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and...
