We saw a gap down on the open today. Regardless, buyers were still willing to come in and drive the price higher. I think this is a good opportunity to squeeze out the people who got short positions in early on what appears to be a top forming.
Be prepared for a gap up on the next open. In which case, I still wouldn't be afraid to open a position up. Looking to get long once the MACD crosses upwards. My stop will happen if the MACD crosses back downwards.
I would look for a target price of around 11.90 - 12.00. I would not be looking to hold this for more than a few days.
Be prepared for a gap up on the next open. In which case, I still wouldn't be afraid to open a position up. Looking to get long once the MACD crosses upwards. My stop will happen if the MACD crosses back downwards.
I would look for a target price of around 11.90 - 12.00. I would not be looking to hold this for more than a few days.