Price is above the bands set on 80 SMA. Very bullish and shows a ton of momentum. Closing in on Targets 1.
I get a bit nervous when price is over the top band set on 80 as price usually returns the bands. When price is over the top band, it is almost always overbought. Price can remain outside the top band and in overbought condition for a while in some cases with extreme momentum or a security may just ride the top band while slightly over the top band.
Targets 2 are long term and may or may not be met. My focus is on targets 1 as I do own this.
No recommendation.
Trying to reach for the stars here, but keeping my feet on the ground.
You can measure the wide end of a triangle at the side end and project it from the bottom trendline of a triangle to get a guesstimate of where price may go. Any triangle can break up or down. This one broke to the upside.
RSI is set on 80 verses 70.
I get a bit nervous when price is over the top band set on 80 as price usually returns the bands. When price is over the top band, it is almost always overbought. Price can remain outside the top band and in overbought condition for a while in some cases with extreme momentum or a security may just ride the top band while slightly over the top band.
Targets 2 are long term and may or may not be met. My focus is on targets 1 as I do own this.
No recommendation.
Trying to reach for the stars here, but keeping my feet on the ground.
You can measure the wide end of a triangle at the side end and project it from the bottom trendline of a triangle to get a guesstimate of where price may go. Any triangle can break up or down. This one broke to the upside.
RSI is set on 80 verses 70.