HI @zdog13 nice to hear from you after our group. I started a new group where everyone can discuss all stocks, quite a few from the old group are on there but with not much activity at present as it's still new.
Congratulations on $PEB, what a stock, I remember reviewing this with you months ago. Well done to all holders.
With a little more experience behind me, here is the chart. The yellow cup and handle formation was actually what we drew back when we discussed it. Nice that it worked out, I think we however were fishing for a cup and handle pattern back then, and we missed the clear as day wedge formation or bullish flag. A far more reliable pattern IMO.
I again like it and feel that we're seeing good buying in the face of selling. AIMO.
I see it breaking upwards if I had to choose a direction.
Here is the chart:
I do like how the MACD is compressing hard, this normally indicates another explosive movement to the positive or negative is to be expected.
However, with wedge formations be warned, it can often move to your advantage or disadvantage.
Your FA should confirm and work with the TA to give you an overall sentiment.
Here are some additional notes on likely formations we are seeing here, AIMO. Please DYOR.
