Minor patterns above a major breakout are generally very high probability patterns and among my favorite.
This is a long term hold
This is a long term hold
Comment:
New high on the day here after retesting the breakout on the intraday time frame. Remember what type of buying takes place on the Friday close... Strong hands. They are willing to carry the stock through the weekend.
Comment:
Looking at target in two ways. 1) Trailing risk with a trend line + 21 day moving average. As long as it stays above those it's a hold.
2) In the high 50s we'll likely see some resistance:
Next swing target is 45
2) In the high 50s we'll likely see some resistance:
Comment:
As we approach my first target in the 50s I am looking to trim some but hold more than half my position as long as price stays above the 21d - a very simple way to ride a trend