Bounce off 50 SMAWorking on my TA. Tested the 50 DMA today. Bounced and closed above. Failed break out of the wedge on the 28th; action likely due to the ex-dividend date of the 29th and some day traders taking advantage. Average volume and lots of sell side volume today it appears. Bought some shares today looking for a swing trade to the wedge resistance line of $338 and hopefully break up in the next 2 weeks.
Macro environment is bullish with China confrontation, bearish with likely budget cuts due to COVID-19.
Interested in knowing your thoughts.