One of the stocks that was in the news and since pulled back and could be ready for a new breakout..
If the stock follows this channel the time based correction is over too and it could start the move up from the channel bottom.
Long above 160 with a much higher target. There has been a lot of resistance in teh 156-158 zone and once that supply gets taken out the stock could see a new 52 week high and then move even higher..
technically it'd be a wedge breakout and could lead to some momentum.
For short term trades SL below 150 and for people with a longer view below 139.
If the stock follows this channel the time based correction is over too and it could start the move up from the channel bottom.
Long above 160 with a much higher target. There has been a lot of resistance in teh 156-158 zone and once that supply gets taken out the stock could see a new 52 week high and then move even higher..
technically it'd be a wedge breakout and could lead to some momentum.
For short term trades SL below 150 and for people with a longer view below 139.