Outlook
Price broke above its recent high of 12 August 2020 and reached a high of $52.96 on 28 August 2020. Price is also above the cloud, which is a bullish sign. Conversion line and Base line had a bullish crossover and is also hinting of a bullish trend. Lagging Span is above price of 26 days ago and above the cloud as well, confirming the bullish trend. MACD is bullish and rising at the moment. The V-shaped price projection lies at $56.40, which is above its recent high of $56.02. The “E” price projection is at $60.34.
Strategy
$51.70 Buy
$56.00 Price Target
$48.90 Risk Management Stop
3 weeks Trade Duration
