Update: Stopped out, Its in a down trend more so than a bull flag.
The current setup gives an excellent opportunity for good risk/reward. The trade has a high probability because of the psychological impact of all time high. Currently the stock also has the underlying fundamentals to achieve this.
stock formed a long-term trend. I bought shares at an average price of $ 62.60. Target $80
I think that will create a strong upward momentum for the intraday trading.
The company has a strong balance sheet and substantial long-term competitive advantage
