-Shakeout below major support (200dma) And recovery
-Support established consistently (back to back days at $21)
-Day two (in this case Wednesday) showed support by closing in the middle of its range
-Small distance between entry and exit (if entering at close do day Tuesday at $22.22 vs $21 exit)
Today $NOAH reversed, closing at the low of its trading range. It found resistance at the 10ema. For those in the RORO trade, today would have been a good day to lock in profits. For those letting it ride, they’d want to see today’s low of day at 24.70 hold.