Quick Flag Break to Resistance
Need to see short term continuation above the recent 114 resistance, S/R flip possibly, to remain bullish.
Strong move up from recent flag after flag pattern, but the quick stall out causes concern for weakness.
If it fails to overtake the 114 level, then likely pullback to the volume shelf around 104 which could coincide with a MACD bearish crossover and possibly result in a relatively large bearish divergence.
Short term - Neutral until immediate move up above 114 to long the continuation towards the bottom of the previous channel (blue)
Strong move up from recent flag after flag pattern, but the quick stall out causes concern for weakness.
If it fails to overtake the 114 level, then likely pullback to the volume shelf around 104 which could coincide with a MACD bearish crossover and possibly result in a relatively large bearish divergence.
Short term - Neutral until immediate move up above 114 to long the continuation towards the bottom of the previous channel (blue)
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