Outlook
Price moved above the cloud 2 days ago, which could be a hint that the recent consolidation in share price may have ended and uptrend should be in the initial stage of forming. Conversion line and Base line had a bullish crossover confirming the bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and a bullish crossover is hinting of a bullish price trend ahead. We see price moving higher to $130.73.
Strategy
$122.00 Buy
$130.70 Price Target
$118.90 Risk Management Stop
3 weeks Trade Duration
