What I see...
+ MACD just cutting above in positive territory
+ RSI is rising at 61
+ Higher lows supported by the rising 50MA
+ Further support by the 10MA
+ Decreasing vol. as price consolidates side way
- Failed Head and Shoulder
- Resistance level at 36
- Failed breakout in previous attempts
What I setup...
+ Long entry above neck-line
- Stop underneath last week's channel
+ Target at $36 - Resistance level in late 2016
+ MACD just cutting above in positive territory
+ RSI is rising at 61
+ Higher lows supported by the rising 50MA
+ Further support by the 10MA
+ Decreasing vol. as price consolidates side way
- Failed Head and Shoulder
- Resistance level at 36
- Failed breakout in previous attempts
What I setup...
+ Long entry above neck-line
- Stop underneath last week's channel
+ Target at $36 - Resistance level in late 2016
Trade active:
Long entry triggered.
Trade closed: stop reached:
Stopped out today; -1.04R