TECHNICAL UPSIDE BREAK AND RUNA few days ago I posted to say there was a strong potential for a technical upside break and run (
CLICK HERE to read that post)
Well as it turned out, we got delayed courtesy of the hissy-fit in the overall market last Thursday/Friday. But that techinical upside break is now fully there again. I think we're close enough to it now that the traders will start taking positions in advance, creating all but a self-fullfilling prophecy of the move. As the break happens (approx $27.85), a new stream of buying should come pouring in by those who actually wait for the break point. Often there is a little back and forth here, with new buyers coming in, and some traders taking profits. Personally, I think this pause will be minimal, as the chart is SO clean above this level, with little to no resistance showing up anywhere.
See you at $35. :)