Above is a wide view and zoomed in view of the Daily chart. We had a continuation day in our favor, which is good, but I'm becoming concerned about the overbought Stochastics. I mentioned it last time as well.
Our Target of 71.62 is on the other side of the 200sma. The 200sma could easily provide enough resistance on its own to send us back down for a retrace before reversing back up. But combined with the Stochastics being overbought, its even more likely.
This would be problematic because the Earnings Report is on 1/14/2022 before the market opens, which means we need to exit by the Close on 1/13/2022. A reversal could have us down significantly right when we have to exit.
So, considering this situation, I think I'll exit this position if we hit the 200sma instead of waiting for the .618AD Gartley Target. The 200sma at today's close is exactly 70.00.
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