- Currently the stock is sitting near the 50% retracement level (sweet spot to start buying for a second wave)
- Bullish crossover on the 50 & 100 SMA
- Bull flag pattern should be coming to and end
Will be watching for 2 scenarios:
#1) a bullish breakout above 14.60
#2) bounce off nearest resistance at 13.85
- Bullish crossover on the 50 & 100 SMA
- Bull flag pattern should be coming to and end
Will be watching for 2 scenarios:
#1) a bullish breakout above 14.60
#2) bounce off nearest resistance at 13.85
Comment:
#2) bounce of nearest support at 13.85 (correction)
Comment:
Triggered in for scenario 1 with a breakout from the bull flag
Stop at 14.00 : Target 1 near 15.10 : Target 2 near 15.75
Stop at 14.00 : Target 1 near 15.10 : Target 2 near 15.75
Comment:
Stock continues to trade sideways I will exit for small loss if 0.5 retracement hits at 14.14
Otherwise hold through the sideways movement for possible bounce.
Otherwise hold through the sideways movement for possible bounce.