Target achieved; looking for a retracement lower
Several indicators point to resistance levels between 48-50.50
- Upper Bollinger Bands 48ish
- 50 day Moving average 49ish
- previous Support at 50.50
Generally speaking overbought conditions. Would be surprised the market to take a breather.
1st target middle Bollinger Band at 43 and 20 day MA around the same level
- Upper Bollinger Bands 48ish
- 50 day Moving average 49ish
- previous Support at 50.50
Generally speaking overbought conditions. Would be surprised the market to take a breather.
1st target middle Bollinger Band at 43 and 20 day MA around the same level