There was a strong bounce off of the confluence of two resistance lines at $650. A strong market will rise all stocks, with this one potentially rising with the most momentum. Look towards the $825 neighborhood as the 1st scale out point.
However, the next and most immediate challenge will be the 21-day MA. A bounce down from here puts us into the $700 regions.
If $650 breaks, this bear market will prove to have longevity and strength.
This is all paper-trading advice only of course :D
However, the next and most immediate challenge will be the 21-day MA. A bounce down from here puts us into the $700 regions.
If $650 breaks, this bear market will prove to have longevity and strength.
This is all paper-trading advice only of course :D