New target now somewhere between $75 - $120 after smashing through the 20 year old resistance trend line according to this weekly chart. This is the mania phase of the rally, you're looking for a hockey stick shape where it just goes more or less vertical. It is noteworthy that when price broke $34 it also broke the 20 year trend line, that's when the volume poured in taking it to $38. The monthly chart (bottom) also indicates a top at or around $110.
I'd be putting a sell order at $110 and keeping my fingers cross I catch it.
I'd be putting a sell order at $110 and keeping my fingers cross I catch it.
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