- This stock is on our watchlist but no entry yet!
- We can see two good upward waves where the bulls are pushing the stock higher (Blue arrows)
- We can see a total of 6 bullish pin bars (green arrows) where the Bulls are trying to push the price over the 200 day moving average
- We also see an inside bar formation (Two white lines)
- The only blocker is the resistance from the 200 day moving average but today this has been breached
- Amateurs would dive straight in now as there are a lot of bullish indicators.
- We will wait for the stock to close above the 200 day moving average and find support before we enter.
- Then and only then do we risk our money, remember to always set the plan and stick to it!
- If the stock can beat the previous high and find support we will add more to the LONG position.
- We can see two good upward waves where the bulls are pushing the stock higher (Blue arrows)
- We can see a total of 6 bullish pin bars (green arrows) where the Bulls are trying to push the price over the 200 day moving average
- We also see an inside bar formation (Two white lines)
- The only blocker is the resistance from the 200 day moving average but today this has been breached
- Amateurs would dive straight in now as there are a lot of bullish indicators.
- We will wait for the stock to close above the 200 day moving average and find support before we enter.
- Then and only then do we risk our money, remember to always set the plan and stick to it!
- If the stock can beat the previous high and find support we will add more to the LONG position.
Comment:
- We have seen price find support above the 200 day MA
- Last week we also saw a multiple inside bar/Bullish pin bar combo that was broken to the upside this morning.
- This trade is going to plan and due to the additional bullish signals listed above we have added more to the long today.
- Last week we also saw a multiple inside bar/Bullish pin bar combo that was broken to the upside this morning.
- This trade is going to plan and due to the additional bullish signals listed above we have added more to the long today.
The team have now entered the trade and will be looking to add if price re tests the 820 - 823 area.