Resistance has held at $170 despite several very bullish attempts to break through, once gain the price is at that level, and everything is aligning perfectly .
All MA's are bullish and proper sequence.
RSi is also trying to hit a high
MACD and Histogram are in bullish formation.
P/E 16 (reasonable)
Market sentiment is the biggest concern and tomorrows trade talk outcome will determine the long term direction of the stock, if it is a break higher it should be very frantic given the duration of this congestion phase.
All MA's are bullish and proper sequence.
RSi is also trying to hit a high
MACD and Histogram are in bullish formation.
P/E 16 (reasonable)
Market sentiment is the biggest concern and tomorrows trade talk outcome will determine the long term direction of the stock, if it is a break higher it should be very frantic given the duration of this congestion phase.