Yesterday had some pullback after making a new 52-week high. Today was a good close reclaiming a good bit of that pullback. There was little volume in today’s move suggesting supply is low and not much demand is needed to move it up.
Next week I’ll be looking for new highs to confirm the BO from the point of least resistance. If that happens, it will suggest that yesterday’s pullback was just part of a normal reaction and be further evidence that this BO is legit. Also, I’m just under +1R now. A new high next week would definitely put me over that threshold, in which case I can move my stop up to start protecting gains.
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