Mystery Chart (06-23-2020)
I probably shouln't tell you, but I'm really trying to hit on investor biases with this week's chart. Price just broke out of a nice base to fresh highs.
Click on chart to enlarge view.
But, has it moved too far too fast? Are we buying these new highs or fading them?
Do the former highs represent enough price memory to make this level worth trading against?
Did momentum and/or volume confirm the move?
You'll have to check back on Thursday to find out. For now, we want to know what you'd be doing with this chart.
Tweet me your thoughts @Sstrazza or email me at Strazza@Allstarcharts.com.
In the meantime, check out this FREE preview of our new Charting School course to learn more about some of the Technical Analysis concepts we discuss in our posts.
Allstarcharts Team