RSI has not dropped below 50 since breaking on May-20th. Has roared higher and is finally consolidating on lower volume. Has had a run of +55% in a short time period and has held the 23EMA very well which is indicating that stock is in demand. Sellers appear to be getting tired and the stock has moved sideways for 25D.
Could play this as a pullback but when it hits the 23EMA again or breaking past ATH at $92.85. If I play the pullback but I would like the stops near 2.5% below the purchase price. If I play the breakout I would like to set the stop at the 23EMA.
Could play this as a pullback but when it hits the 23EMA again or breaking past ATH at $92.85. If I play the pullback but I would like the stops near 2.5% below the purchase price. If I play the breakout I would like to set the stop at the 23EMA.