As mentioned before on a two occasions, room to the upside existed. My preferred view and still is, the stock is way over done.
The Daily RSI 93.0 and weekly one is 83.0. The last time we had such levels, the correction was 50%. The current state is not an exception to that rule. We will see a large decline to correct this strong upward move, as it's to steep and to volatile.
Sell at current $ 1,114/share in small increments. Profit level medium-term $ 579/share.
Short-term profit $ 775/share.
No stop-loss should be applied right now, but ensure you play safe when it comes to your leveraging. Perhaps add around $ 1,150 again.
The Daily RSI 93.0 and weekly one is 83.0. The last time we had such levels, the correction was 50%. The current state is not an exception to that rule. We will see a large decline to correct this strong upward move, as it's to steep and to volatile.
Sell at current $ 1,114/share in small increments. Profit level medium-term $ 579/share.
Short-term profit $ 775/share.
No stop-loss should be applied right now, but ensure you play safe when it comes to your leveraging. Perhaps add around $ 1,150 again.