COTV is showing steep stochastic divergence on both the (9,3) and (14,3) oscillators. It has been following a downward channel support line and is about to cross another established trend line. When you find this crossing pattern in the trend lines it can be a very powerful signal. If the price continues up, I expect a quick movement towards into the target area. The upper target can possibly be expanded to 40.10 or even 41.49.
Buy: 35.40
Stop: 34.20
Target: 37.00 - 38.71 (4.52% - 9.35%)
This setup immediately made me think of
MO
, which took off immediately and was featured in this week's watchlist. Can't wait to see how it plays out.
A big thanks to @NJgolfer on StockTwits.
Buy: 35.40
Stop: 34.20
Target: 37.00 - 38.71 (4.52% - 9.35%)
This setup immediately made me think of
MO
, which took off immediately and was featured in this week's watchlist. Can't wait to see how it plays out. A big thanks to @NJgolfer on StockTwits.
Trade closed: stop reached