Outlook
Price broke above the cloud on 1 December and has stayed above the cloud along the upper edge of the cloud. Yesterday price broke above a recent Double Tops’ high at $125.18, which could be a hint of more upside ahead. Conversion and Base lines are still bullish. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish trend. MACD is bullish and a bullish crossover was seen. We think price is likely to move higher to the previous high of $138.05 in the next 2 weeks.
Strategy
$126.00 Buy
$138.00 Price Target
$120.00 Risk Management Stop
2 weeks Trade Duration
