Berkshire Hathaway may have bought this back in the second quarter but it is not too late to get onboard this market. The technical outlook appears bullish over the mid-term as we expect more upside from this market over the next three months. That said, we would wait for the price to retest channel support at around $25 before moving in. Our upside target is between $35 - $36. Even though we know that price could easily get higher, our objective is clear: a three-month trade for a 30% - 35% profit.
評論:
Clearly, the decision to wait for price to retest channel support at around $25 was the right call. :)