Nice breakout from the wedge that others have also been trading off. Market sentiment and up channel have my longterm outlook very bullish. Would have been nice to see some more volume but it back tested as support and bounced off the pivot at 95. Weekly chart confirms this should be a nice breakout ahead of earnings next week. Getting in now as a gap up is a big possibility as the new administration releases their infrastructure plans.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.