SUMMARY
Now is NOT the time to be taking new BUYING actions, but rather PROFIT SELLING actions. The below chart of just the MACD is very foreboding. Yes, the MACD could reach higher and touch the upper boundary of its broadening pattern. But is the risk to reward worth it?
The below chart shows an upward wedge pattern that is either complete or near complete. This thing can turn down any moment. Placing effective stops would be very advisable.
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Legal Mumbo Jumbo: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.**