Keeping It Simple Stupid is the only way to trade in my opinion. So today's obvious level for me is $70.
$70 is almost too perfect! Why?
1. Fib retrace 0.38 drawn from year low.
2. Former resistance becomes new support.
3. 50sma.
4. Middle of rising channel.
Bonuses:
1. Stoch will be back to oversold.
2. AO will be back to buy zone.
$70 is almost too perfect! Why?
1. Fib retrace 0.38 drawn from year low.
2. Former resistance becomes new support.
3. 50sma.
4. Middle of rising channel.
Bonuses:
1. Stoch will be back to oversold.
2. AO will be back to buy zone.