Brad - I see that. That is a good argument for further upside.
And I also just noticed the bottom of that big upbar is at the same level as the two previous big upbars. It could be a response to really low supply - for sure.
But I try to make a rule of not assuming resistance will break and we have 3 lines - the top of the channel which you've included as a trendline across the top, horizontal resistance and the underside of a fork. I generally don't like buying the top of a channel. That doesn't mean it won't break - its just not the setup I like. I'd rather wait for the break if it comes and then look for testing.
And that ultra high volume bar is a bit close for comfort.
I can't see where the big players have reentered the stock in a big way and I would expect that process to take a while.
Thats just me. I'm also finding I am getting better entries and exits just reading volume. The stochs and macd have been a little hit and miss for me but I still look at them.
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