Portfolio Manager at ValueTrend Wealth Management
Member since: May '09 · 1974 Opinions
Not a bullish nor bearish chart. It has reached some resistance and could fall to around $52. It's trapped in a consolidation. A sideways looking chart.
The NASDAQ effectively came back today. The tech sector gave a sign that it might do okay come Monday. It was way over its 200 day moving average, but it has come back. The indications today show that it might move up.
Nice long-term breakout. A great base. It has moved into an uptrend, but it went parabolic where it was over bought. However, it has corrected and is at a very attractive price now.