When price clears: 129.65 With daily volume greater than: 1.131M Target: 155 area Stop: Depending on your risk tolerance; 121.22 gets you 3/1 Risk/Reward. Resistance: 140.21 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
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Got price (above 129.65), but not volume, I'm being patient and will wait for more volume. 3M on the weekly chart would be enough volume even if we don't get a 1.131M day.
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Not enough volume to meet my original entry criteria, but I went ahead and entered into this trade based on the volume being much higher than average yesterday. I will be quick to stop out if this stock turns against me.
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Constructive pullback on lighter volume...I like it.