Ending diagonal is going to complete until June end and then a trend reversal shall happen. This is supported by very clear and protracted MACD divergence on weekly view.
Note
Here we go! On post-market after earning release we have a break out of the ending diagonal.Let's see how this week closes.
Note
It closes nicely with huge volumes. Long-term impulse up has started.Note
Log scale view shows a bullish flag and it might take time to break out of it. Then we need to address some significant resistance levels.
Then the sky is clear.
Anyway, I base my view on Elliott Waves and as long as impulsive move up is clear and EW principles are not broken, I stick to this idea as one of the most promising.
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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.