Upside breakout from the MA compression which coincided with breakout from the head and shoulders bottom confirmed. The head and shoulders target of around $21 which corresponds with the 200 MA was tested this week so I suspect the SP will take a breather here for a bit with maybe a low volume retracement towards the 50 MA. The next leg up will be confirmed by the taking of the 200 MA and then a golden cross with next resistance at around $26.
CUV Charting, page-83
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