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What I see... + Bullish Engulfing candle + Prices were supported by the 50MA + Today's engulfed bar closed above the 10MA + Prices held its position despite lackluster earnings + RSI at 51 and rising + Bollinger Band is squeezed with prices hanging out towards the lower band + Price has been moving side way within channel + 10MA has just crossed up last week
- MACD is flat at zero - Lower high formed this week compared to last week when last week had earnings
What I setup... + Long entry above today's high - Stop at early April's low + Target is at high $140s... :: Duration - months!
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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.