Keeping It Simple Stupid is the only way to trade in my opinion. So today's obvious level for me is $70. $70 is almost too perfect! Why? 1. Fib retrace 0.38 drawn from year low. 2. Former resistance becomes new support. 3. 50sma. 4. Middle of rising channel.
Bonuses: 1. Stoch will be back to oversold. 2. AO will be back to buy zone.