I had drawn a channel after horizontal breakout.
The stock is trading with in channel.
Now took a support also at 20 day EMA
First buy 203-204 is good buy.
If the stock falls during earnings i expect 50 day around 195 to 197 give a good support.
Since earnings is near i will enter 50% now and 50% for a pull back.
If blowout earnings i will revisit a buy at higher level.
But channel has to break upside first.
The stock is trading with in channel.
Now took a support also at 20 day EMA
First buy 203-204 is good buy.
If the stock falls during earnings i expect 50 day around 195 to 197 give a good support.
Since earnings is near i will enter 50% now and 50% for a pull back.
If blowout earnings i will revisit a buy at higher level.
But channel has to break upside first.
Comment:
I bought at 204. Sold some at 210.Earnings coming. So not having full position.Stock in Middle of channel. Waiting for channel breakout for any decent upside.