Outlook
Price has been in consolidation for the past 7 weeks and we think the consolidation is close to its end. Price is near to the upper edge of the cloud which is likely to provide support. Conversion is about to crossover over the Base line from below while Lagging Span is still above the cloud, both are hinting of an uptrend ahead. MACD is bullish with both its lines above the zero line.
Strategy
$56.25 Buy
$61.95 Price Target
$54.45 Risk Management Stop
2 weeks Trade Duration
