We are right on a support at 27.50 with this ticker. 6 straight red days yet I can't find any negative news. RSI looking oversold. Look at those volume candles the past 5 days! Eventually the sellers are all dried up and all that is left is buyers like me.
Profitable company with 70%+ institutional ownership. I feel safe taking a swing here. Better chance this fills the gap up than breaks down further in the short term. I will be keeping a CLOSE stop in case a break down does happen. If 27.50 doesn't hold this could begin to trend towards the next support @ 23.50
Profitable company with 70%+ institutional ownership. I feel safe taking a swing here. Better chance this fills the gap up than breaks down further in the short term. I will be keeping a CLOSE stop in case a break down does happen. If 27.50 doesn't hold this could begin to trend towards the next support @ 23.50
Trade closed: target reached:
Easy trade guys. 2 trading days for 10% gains. Closed 1/3 of my position out @ 30.00. Will use a trailing stop for the rest. Cheers!