UPDATE: It just hit the bottom of the trend line, which means that I expect it to keep on going upwards.
There is a pattern that I am noticing. It tends to hit the bottom during mid-fall and peaks at mid-to-late June (possibly due to people dropping their positions after dividend pay out). The runs usually lasts for around 250 days. Purely based on this pattern, the uptrend will keep on going. If the price were to fall below 97, I'd be concerned. So far, it still seems to have some steam to expend. RSI hit 30 on daily chart. MACD will most likely show a reversal at any given moment. Price hit the 200MA and bounced right back up.
I see this hitting 137 by the end of June before heading back down to 115-120 area.
There is a pattern that I am noticing. It tends to hit the bottom during mid-fall and peaks at mid-to-late June (possibly due to people dropping their positions after dividend pay out). The runs usually lasts for around 250 days. Purely based on this pattern, the uptrend will keep on going. If the price were to fall below 97, I'd be concerned. So far, it still seems to have some steam to expend. RSI hit 30 on daily chart. MACD will most likely show a reversal at any given moment. Price hit the 200MA and bounced right back up.
I see this hitting 137 by the end of June before heading back down to 115-120 area.
