A couple days ago I wrote that my first intermediate target was $155 then to take some off the top. Target was hit yesterday. We should have then seen some short selling get in the mix . We pulled back after some takers to just over a resistence ostensibly $146. here we can go 2 ways.
1) we continue down to test the 100 EMA at $146. With that I might trigger stop losses down to $135
2) We bounce in between the EMA's ostensibly the 100 ema and continue back up to ATH (My choice)
and yes my word of the day is OSTENSIBLY
os·ten·si·bly
/äˈstensiblē,əˈstensiblē/
adverb
apparently or purportedly, but perhaps not actually.
"portrayed as a blue-collar type, ostensibly a carpenter"
1) we continue down to test the 100 EMA at $146. With that I might trigger stop losses down to $135
2) We bounce in between the EMA's ostensibly the 100 ema and continue back up to ATH (My choice)
and yes my word of the day is OSTENSIBLY
os·ten·si·bly
/äˈstensiblē,əˈstensiblē/
adverb
apparently or purportedly, but perhaps not actually.
"portrayed as a blue-collar type, ostensibly a carpenter"