On the monthly and weekly time frame it's clear that this is an uptrend. With recent market correction price dropped but now it seems to be moving back up again. Hopping on trying to get in on a nice trend trade again.
Trendlines and support resistance (price action) are key areas for me on this trade.
*Note: The stock/indices market doesn't look good right now so manage risk with caution.
Trendlines and support resistance (price action) are key areas for me on this trade.
*Note: The stock/indices market doesn't look good right now so manage risk with caution.
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The trendline seems to be holding, nice continuation of the upmove. Manage risk closely
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Earnings come out on May 13th