An update to my previous post related to this security. A steep run up to reach the top is today's theme. Led my big tech names AMZN, GOOGL, MSFT the rally has ended at the recent top. A new smaller wedge is added to monitor the progress of that move. It remains to be seen whether the sellers show up at the top. However, we could see profit taking and some sort of consolidation. Ideally, I would like to see a flush into the resistance with the stops blown off and then a hard rejection before shorting. The resistance is a well defined level watched by the participants.
10/15/2019
10/15/2019
