We’ve been using the 977.76 target of the pattern shown (see inset) as a minimum upside objective for the near term. Tuesday’s price action generated a ‘mechanical’ buy signal at 967.82, but there were no reports in the chat room off anyone having done the trade. If you did, use a 964.50 stop-loss for now. The stock could pop to the target overnight, so the position would need to be monitored closely if you expect to exit optimally. A decisive thrust past 977.60 would be telegraphing more strength over at least the next day or two. Alternatively, it would take a drop exceeding 951.21 to hint of any short-term trouble.
