Breakout of 1-year trading range with volume and relative strength to the market. Note how the trend indicator "Range Movement" bolted out to a new high well before this breakout, which indicates accumulation and an easier path on the upside.
Buy pullbacks under previous day's lows in the next 10-days. The stop is wide to enter here, so perhaps 1/3 long here, 1/3 on drops under previous day's lows on the next two times. For example, if today's low holds (4.63) for the day, then tomorrow you would buy at 4.62. If tomorrows low is 4.50 (just a guess), then the next day you would buy at 4.49. This would spread your entry out over 3 days.
Stop Loss = 3 times the 11-day ATR, subtracted from entry.
Tim 4.70 last 10:12AM. Earnings are due on 7/17, in 2 days = warning for anyone wary of a massive gain or loss if you hold through an earnings report. NOTE HOW LARGE THE MOVES ARE AROUND EARNINGS in this stock.
Buy pullbacks under previous day's lows in the next 10-days. The stop is wide to enter here, so perhaps 1/3 long here, 1/3 on drops under previous day's lows on the next two times. For example, if today's low holds (4.63) for the day, then tomorrow you would buy at 4.62. If tomorrows low is 4.50 (just a guess), then the next day you would buy at 4.49. This would spread your entry out over 3 days.
Stop Loss = 3 times the 11-day ATR, subtracted from entry.
Tim 4.70 last 10:12AM. Earnings are due on 7/17, in 2 days = warning for anyone wary of a massive gain or loss if you hold through an earnings report. NOTE HOW LARGE THE MOVES ARE AROUND EARNINGS in this stock.
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