In my previous watch post I said I was waiting for a break out of $37.39 and a retest to take a positions there, or a move down to $34.57 on low volume to take a position there. This past week, neither happened. However, this is looking strong and I will be looking for any dip to start a position.
It looks like Phase D of accumulation. It had one SOS to break it over the first trading range resistance in the $34.60 range. Last week ended in a nice hammer, which may be the beginning of another SOS to break it over final resistance in the $37.40 range. If so, I expect a retest of the $37.40 range where I would think about taking a position. Or, if it pulls back on low volume to retest the $34.60 range, that could be a good place to start a position as well.