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shidiq
Jan 24, 2019 3:41 AM

Buy Momentum for PAYX Long

Paychex, Inc.NASDAQ

Description

As prices move higher, it is currently supported by the trendline and 150MA and buying momentum is still in play especially with bullish pinbars as confirmation.

Expecting move moves upside with various levels of resistance. Capture the small moves and take profits off the table when there's signs of reversal.

As usual, only use Stop orders above yesterday's high as entry and SL levels best to be below the lowest for the past 3 days.

Trade active

Trade closed: target reached

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