curtmelonopoly
Long

$ARWR testing series of previous highs on weekly #swingtrading

NASDAQ:ARWR   ARROWHEAD PHARMACEUTICALS, INC. - COMMON STOCK
$ARWR testing a series of previous highs on weekly chart w Stoch RSI MACD SQZMOM trend up #swingtrading

Full swing trading report out in an hour with trade detail.

High alert on this trade.
Comment: $ARWR testing a series of previous highs on weekly chart w Stoch RSI MACD SQZMOM trend up #swingtrading

This is one of those trades / charts that isn't easy to set a specific rice target on - the chart history has many scenarios if previous / historical highs break to upside. One way to trade it is long on an uptrend day with a stop set and let it ride the test. The risk reward to bullish side is significant if it breaks the previous highs. All indicators suggest a significant sized move.

Lead Trader @CompoundTrading • Algorithm Chart Models • Founder • Coach • YouTube http://tinyurl.com/mx9bdox http://www.compoundtrading.com
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