Stock has been in a corrective mode since "Post election" move. It has reached the first fall region of 40 and expected to bounce. During this rally, it will face resistance above 50. 35-40 looks to be the accumulation zone for a medium term play.
“Warren decided early in his career it would be impossible for him to make hundreds of right investment decisions, so he decided that he would invest only in the business that he was absolutely sure of, and then bet heavily on them. He owes 90% of his wealth to just ten investments. Sometimes what you don’t do is just as important as what you do.”