MichaelGLamothe

BATS is near an advanced buy point

BATS:BATS   None
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SETUP: BATS is setting up within a 2nd stage flat base visible on both the daily and the weekly charts.

BUYPOINTS:
The classic pivot is 34.43
The advanced pivot is 33.83

SUPPORT: Support can be seen on the daily chart along the 21ema. Note how it dipped below but recovered the 21ema on 12/23 and 1/3.

NOTES: On a breakout above the advanced pivot , I'd use 33 as my support level (yesterday's low and the low of the week). On both the daily and the weekly charts, I like that the RS line has held near its highs while it has consolidated. BATS has also passed my fundamental and momentum based scans in ChartYourTrade MRI.

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