What I see... + Prices pulled back from $136 to find support from the rising 10ma + Friday's bar painted a bullish engulf-like body within a NR7 on very low volume! This is like a spring that is compressed and getting ready to bounce! + RSI is at 61 and has just turned upward + MACD is flat in the bullish zone
- MACD is technically below signal line - $136 is first resistance
What I setup... + Long entry above Friday's high - Stop under last week's low + Target at 1.618Fib :: Duration - weeks!
** Comments and Likes are appreciated; New Subscribers are stronger than biotech! **