So many things to like about this current setup. Aside from a strong advanced decline line allowing the baton to be passed to other names to further participate in the melt up rally...
Divergence with the RSI showing the true bottom and now there is a volume shelf setup which triggers just around $51. A break above that will also be met with a VWAP as resistance...
Approaching VWAP that has help since 23' and tested multiple times to the tic. Further, we have rsi and williams percent range showing divergence giving me reason to believe we have a bounce coming soon. Looking to play June 20th $55 calls
MACD curling with potential for a retest of VWAP which it has tested twice and failed. A move up to the VWAP zone implies approximately 30% move to the upside. With that being said, the closest support level is in the $57 range.
