Not quite the breakout I was expecting from this ascending triangle. RSI shows a little room to grow, but is also riding on a crucial resistance level.
I see one of two things happening here:
1. We see some consolidation at this level to establish support at our old resistance around $34.75, before a move toward the big 4-0.
2. Volume dissipates and we see a slight retrace to one of the marked support levels.
I see one of two things happening here:
1. We see some consolidation at this level to establish support at our old resistance around $34.75, before a move toward the big 4-0.
2. Volume dissipates and we see a slight retrace to one of the marked support levels.
