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BryanWilson
Aug 4, 2016 5:36 PM

$MGIC 3 Month Trend breakout Long

Magic Software Enterprises Ltd.NASDAQ

Description

I am looking to enter MGIC a low volume speculative play on the next high around $7.51. I have a stop loss of $6.81 to be set upon entry and hope for continuation of the trend breakout. Volume will make this a tricky position. Stop may not be wide enough, but based on the 20 Day ATR it looks to be a safe bet based on my systems approach to trading.
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