/biz/ - Business & Finance

>>53274057
i don't have "opinions" in this case, it's just objective analysis of hard data. that said: it looks like it's in an uptrend channel, the higher high followed by higher low is bullish. momentum is bullish, trend is bullish. obviously that area around $190-200ish is a point of contention, so if i were long i might consider at least selling half around that zone. earliest i'd be willing to get in would be the cross over the EMA(50), or later if you wanted further confirmation with momentum. technically all of the indicators are bullish though and if it can break through that resistance ceiling and hold beyond it that'd be even more bullish.

you could also potentially wait for a break of that resistance and then a pullback to it, and if that reverses get in. that's typically a very safe trading strategy but you don't get it that often.