emman187

swing trade ATH patern BJ

Long
NYSE:BJ   BJ's Wholesale Club Holdings, Inc.


-approach to are ATH
-growing company
-large volume
-up trend
-signal above $80 for ath confirmation
-psychological target at $100
-probable profit = 26%
-several possible scenarios:
1.crosses his ATH
2.correction to the trend for a subsequent rebound
3.corection to the support and remains in a sideways movement
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