Friday 8/22 ... Overdelivery
Here's the aforementioned graph:
Yellow Line = Price, White Line = 8 Day MA, Teal Line = 40 day MA
And to up the ante a bit, and perhaps upset you, but don't kill the messenger, here's what we are up against:
This shows the trend channel from yesterday through this morning. Embedded in the trend channel, we have a triangle emerging. Recall on both trend channels and triangles, we can "bounce around" until we "violate" or "break out" from one of the lines. After that, technical history dictates we are more likely to stay on that other side of the line before moving back into the trend channel or triangle. We are just EXACTLY on the upper edge of that red triangle right now and have stayed there for several minutes as I've been writing this. More to follow when it becomes available!