Trend Following TA

ImageMonthly chart obviously showing new all time highs. But may face heavy resistance at current levels. Expecting a parabolic if that resistance line is broken. A big candidate to follow its long trend for the rest of the year!

ImageWeekly chart is clearly showing strong bullish candlesticks with its heaviest volume in history.

ImageDaily chart is showing decline in volume with increasing price and long wicks.

Weekly volatility is still manageable at .05 and the good thing is that it is close to its daily volatility at 0.04.

Going long with a small .10-.12 risk. Odds are in the bulls favor.

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