Flat | 31 May 2018

Technical Observation

On Wednesday this week, the price attempted another break below the three Simple Moving Averages (14, 52, 90) but has again rose above them again. This is a potential sign that the price may continue upwards, however, instead of going long immediately, I'm waiting for a breakout above the previous day's highest high, $579.05, to c to confirm a possible rally towards $606.05. However, should the price again go below the three SMAs, than I'd recommend looking for a short position with your take profit at $507.30.

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Flat

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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.