Another “Trump phenomenon” stock that has enjoyed the benefit of the new administration policies, although it will yet to be seen if any of the policies will be fully enacted. That aside, the structure from the 2016 lows, strongly resembles that of an impulse wave. There are now enough gyrations to suggest a large 3rd wave is close to completion. So if you own this stock you may want to consider scaling out and locking in some profits.
The favored idea is to see a pullback in 3 waves to around 46.00 to end wave 4, followed by further upside for wave 5. Technically speakings its actually possible to label it as a completed advance, but based on the way some other stocks appear, I like the idea of a pullback soon for wave 4, followed by further upside for wave 5 as shown.
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