Earnings on 16/08 so traders will need to be out before then.
Buy/Long Technical Drivers:
- Pennant formation, price emerging from this pattern.
- Re-taking the 8 x 21 EMA
- 7-day RSI at 56 and pointing higher
- Holding the pivot
Target is the upper boundary of the 21-day (monthly) and 63-day (quarterly) LRC .
Buy here (22184c), or better
As noted previously, my main medium term preferred accumulation level is sub-R195…not sure if we get there. Let’s see.