Strong indications of positive momentum coming
Yes we can all agree on the been here, done that scenario only to be disappointed. However, we are getting some very strong indicators of possibly an explosive break upwards. Not only are we getting strong support on the pull backs lately, but a lot of the indicators I use have really started to turn up. We barely tagged oversold the other day only to reverse immediately and are already heading towards the overbought on the RSI. It's been a while since we've seen such a strong recovery from the RSI. The indicators are also giving us very strong divergences between the most recent tag of 260 compared to the last time... They can only keep this under 3 for so long. All this does is create a spring like effect that propels the stock much further. I also wouldn't be getting too cute with the stock either. If you're a good "trader" and can make money swing trading, all the power to you. But the day will come when we wake up rubbing our eyes in disbelief. That's something I'd prefer not to miss out on. GLTA.