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Butec
Jul 18, 2016 5:14 PM

Long opurtunity Long

Brightcove Inc.NASDAQ

Description

After a consolidation BCOV has started a serious rally. Weekly pulse has fired long and monthly pulse is about to fire long as well. It makes sense to wait for pullbacks. I see 2 possible entries

1. Enter long at At 21 EMA on a daily TF
2. Enter at previous high at around 8

Drop below 6.5 would negate the trade. Use wide SL. I recommend weekly TF ATR reading.

Good luck
Comments
Butec
This one does not look back. It has mad a consistent run for weeks now, not touching 21 EMA at all. It passed all my entries
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