Spent months in consolidation mode now breaking out. Directional move after long consolidation should have staying power. If the move is for real i wouldn't expect it to fall back down to the range and close there. Supply above super gappy never spent a lot of time in one area during the crash. Upside momentum continues could see some swift moves up. Thesis works in the macro environment if the vaccine is coming in april. Also half the P/E is defense business which likely continues strength.
Commentaire:
Break above M/S profit takers cam in. Retest of the 198 break out level. This is really what i wanted to see so far.
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Still holding above the pivot. Looks ok still.
Commentaire:
Trading well above the pivot. Love to see it. 249 is a sticky area on way up.