That’s why I’m watching it closely. Since November it has been making higher highs and higher lows, and it has been staying about the same distance above its 50 day moving average. But on the weekly chart, it is still way below its 200 day average, and is not much above the 50 day average. so your comment about resistance at 90-100 looks about right. I doubt I’ll be greedy enough to hold on that long, but will want to lock in profits before that, especially if it pulls farther away from 50 day and 50 week averages. You have taught me well, and I trust your judgment, so if you put a sell on it before I have sold, I’m out.
- This reply was modified 2 weeks, 5 days ago by kenatech.