Ascending triangle forming on the 4hr time frame. Multiple touches of resistance without being able to break shows the strength of the bears at the price! This also indicates that when it breaks the move will be strong with the next level of resistance at $250. RSI sitting just above 50 showing the strength of the trend.
Target buy will be just above the breakout with a trailing stop to lock in profit on the way up.
Target buy will be just above the breakout with a trailing stop to lock in profit on the way up.