First 1.31 then 1.41This is for my good friend Canadian Patriot that enjoys these/my posts so much.
As of right now we've entered a new uptrend. Small, but its there. The low to hold is not 114 but rather 112 in order to validate this next move. Close but not the same. Will have a different impact if broken. And if 112 breaks, most likely 109 will break and we have bigger problems on our hands. I'm not counting on this scenario but who the hell knows.
If we break above 131ish, we'll have broken above this current channel. A move above 141ish will signify a larger move up, in the works. Larger resistance still sits in the high 140's because of the stupid steep declining large moving average. Keeps dropping. The longer it takes for us to get there, the lower the target will be.
I still think we're going to these targets. As a matter of fact, I think we've got a good chance at the high 170's-180. This one will stop us in our tracks. Plus we've got the big resistance at 2ish. Then again at 218. It'll take some work.
Unfortunately it looks like it's going to take the feasibility to be the deciding factor. Very curious to see how we trade the next couple days. There are always clues. We just need to sniff them out ahead of time. GLTA