Bat Pattern Long along with some bullish momentum divergence for CCJ. We touch the 886 3 days ago, but today might be an opportunity to jump in at a good price if you missed the first touch.
We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level.
I would like to wait for a retest of 20.50 for entry to ensure a nice R/R profile, but some might just hop in at this point.
Entry: 20.50
Stop Loss: 19.68
Profit Target: 22.14
We saw increase volume at the 'XA' leg and lower volume through the maturity of the pattern with increased volume at the .886 level.
I would like to wait for a retest of 20.50 for entry to ensure a nice R/R profile, but some might just hop in at this point.
Entry: 20.50
Stop Loss: 19.68
Profit Target: 22.14