Made the watchlist as it is now over the 50MA. On today's move, notice it leaves a bullish kicker and leaps over the 50MA. However, it is in snap back DOWN position. This suggests a retest of the swing low. I am setting a bearish entry point at $100 with a target of $85. Need to overcome the swing high to confirm uptrend is still intact before I go bullish. In the meantime, I am neutral...but...playing very close attention.
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News today obviously trumps my TA. However, I still would like it to close above the swing high of $109.34 before going bullish. In the meantime, I'll wait...and let the game come to me. :-)
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