Entry: when price clears 130.69 Volume: with daily volume greater than 594k Target: 140 area Stop: Depending on your risk tolerance; 127.59 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
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Got price but not enough volume.
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Still not enough volume.
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It's often tempting to jump in without volume when price breaks above a previous high. However, without buyers, how can it go higher. This stock is a good example, it broke above the previous high, but without volume and it's just trading sideways. As of now, it's looking more like another pullback than a breakout, but you never know, I've missed many trades waiting for volume that never came, but I've missed even more trades that I "wanted" to take based on the breakout that fell apart from lack of volume.
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Basing, but still not enough volume. I love basing right before a high volume breakout. I'll be ready...
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I almost entered today but couldn't get the price I wanted- we got volume on Friday so I'm good with an entry with average or better volume.
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So far, I've decided to let it go, not the volume I want to see.
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Finally getting decent volume, sad I missed it. : )