Based on the 1 & 3 month Stoch and CCI it appears to be at the overbought territory.
My conservative guidance would be that it appears to be losing energy and may drop down under the channel again over the next few days, potentially for a double bottom to establish a baseline.
May revisit if and when that occurs so that you can wait and see confirmation on the trend and pattern.
If you want to chase a runaway train you might be able to get away with it but I would rather treat it as a business rather than a gamble.
My conservative guidance would be that it appears to be losing energy and may drop down under the channel again over the next few days, potentially for a double bottom to establish a baseline.
May revisit if and when that occurs so that you can wait and see confirmation on the trend and pattern.
If you want to chase a runaway train you might be able to get away with it but I would rather treat it as a business rather than a gamble.