Yo I haven't seen this type of chart in a whileeeee! Hella rare, but using my MA strategy, I call it the "Surfer Stall" lol. 55 low MA surge on top of 180 WMA where price tends to re-trace before taking the FUCK off. Just came across this one going over some intra-day scans to find setups, A+ setup & out of each chart I screenshot (regardless of if I post or not) - Surfer stalls are the least type I come by. Avg true range isn't anything to get excited about, but an OTM call for Aug makes it all the more a discount. Not even hype over that, just more of the fact that I saw this type of play when I haven't in a while lol. I think the last one I saw / posted was $KMG (www.tradingview.com/...eakout-readyyyyyyyy/). Recently changed my lower EMA's around a tad bit to shoot of better accuracy of fib (223%) re-traces, but I think this could essentially see 200% @ or around $65.72 if not 223% ($67)
Trade closed: target reached:
Suuupppaa nice