Possible cup and handle formation that has been building since 2019. Currently consolidating and creating a bull flag pattern for a possible leg up to ATH and beyond.
Accumulation has been occurring since November and CRSR has created a nice bull flag pattern. A strong volume shelf has been built up between $36-$40. The close today was right above the volume profile POC. Hoping to see upside momentum next week, with increasing volume. Will look for a break through of the bull flag and then possible re-test of the ATH at ~$51.50.
The market is pumping after-hours on Gilead news, economy re-opening (?), and Boeing restarting production at its Washington state factories. Coordinated effort? I think yes. Spy blew past some key resistance points. If this holds through the night, I see two possible ranges: 1) Open below $288 and we bounce between $284-$288. 2) Open above $288 and we bounce...