Price tested the 200 SMA 2x since May and has since made a series of higher highs and higher lows.
Most recently, we see price close at the confluence of several key levels.
It closed:
1. above the .50 Fibonacci level.
2. At the POC line (ytd)
3. Above the descending weekly trend line (yellow).
In addition, we see D+ crossing D-, indicating that buyers are taking control.
The OBV confirms the trend.
First target: $72.48
Second target: $80.60
Most recently, we see price close at the confluence of several key levels.
It closed:
1. above the .50 Fibonacci level.
2. At the POC line (ytd)
3. Above the descending weekly trend line (yellow).
In addition, we see D+ crossing D-, indicating that buyers are taking control.
The OBV confirms the trend.
First target: $72.48
Second target: $80.60
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.