Earnings winner. Dividend payer. Probability that this will go higher is positive based on previous chart data. Stock is trading in the lower 1/4 of entire hx of price action going back to year 2016.
Also double bottom formation of late. Gap up is bullish. Exponential moving average crossovers = bullish.
R/R = 1.7.
Loose stop = 29.64
Target = $38
Entry price = $33.02
0.2% capital
1st and 2nd resistance = 100 DMA and 200 DMA
Risking dead money if it consolidates here forcing an exit for my timeframe (1-2 week max hold).
Trade active.
Also double bottom formation of late. Gap up is bullish. Exponential moving average crossovers = bullish.
R/R = 1.7.
Loose stop = 29.64
Target = $38
Entry price = $33.02
0.2% capital
1st and 2nd resistance = 100 DMA and 200 DMA
Risking dead money if it consolidates here forcing an exit for my timeframe (1-2 week max hold).
Trade active.
Comment:
Moving stop to $33.44. Free trade- Will trail now with 10 ema to stay green since it's working.
Trade closed: target reached:
If it breaks the 3 ema I will be out today. Doji = indecision.