I continue to like the current set up of $X, we have another test of the 200 WMA from above now, the first test happened in Sept when Biden said he was blocking the sale to Nippon and Trump has again reiterated this stance too....I believe this is bullish for $X, everyone wants this company and Presidents have expressed the same opinion too....I suspect they will be awarded with favourable contracts if the administration blocks the sale and this will benefit the company going forward.
Price is back in the triangle testing the 200 WMA, so once the price holds this MA, I believe it can move higher next above the triangle and continue moving to the Wave 3 target at $57 over the next 12-18 months.