After an initial earnings gap, shares consolidate and support on rising moving averages.
The next swing or pathway has been an upward rally into the future.
We’re balancing the odds of this pattern repeating a third time on the July gap and consolidation.
If so, notice the support reversal candle off the $520.00 per share level at the rising 20-day EMA.
We’ll be bullish above the $520 pivot and breakout trigger bullish above $540.
A bearish sell pathway develops under the 20-day EMA near $520. (more)
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