one23

one23

(1) Price has failed multiple times to break through the 1.618 fib extension (2) PPO in sub-chart is getting quite close to the lights out region

one23

(1) Several failed breaks above the fib extension are shown in price graph (2) PPO in sub-graph shows how close we are to the lights out region

one23

SMA 125 has supported price since Jan 2013. Will it again?

one23

Another advance due.

one23

Could lead to another nice advance.

one23

Previous equivalent tight vol has led to nice advances.

one23

I like the clear support in blue.

one23

Looks like it will run to R2.

one23

Or sooner.

one23

Favorable recoveries have occurred after 10/40 touches since 2010. Could happen again fairly soon.

one23

Similar to ODFL and HBI.

one23

1. Clear R2 break 2. R2 support 3. MA support 4. R3 reachable

one23

1. Clear R2 break 2. R2 support 3. MA support 4. R3 reachable

one23

First attempt to break through R2 in July failed. Looks like it is now rounding the corner for another try. If this attempt is successful, we could see another leg up toward R3 (similar to the advance earlier this year). Not long yet; waiting for the potential breakout.

one23

1. R2 support 2. MA support 3. Leading stock

one23

1. R4 has already been punctured 2. R3 support 3. MA support

one23

Good MA support along the way.

one23

Clean break through R2. R3 seems doable.