💡 Swing setup idea
Darvas box breakout / 50 SMA reclaim
🔎 Analysis summary:
The stock moved inside a Darvas box and yesterday broke above the top of the box while also reclaiming the 50 SMA. Strong buyers volume is helping support the move, but with the broad market still under pressure, this is one to manage with extra caution.
👀 Levels to watch:
Entry trigger: Break above $54.18
Target: $63.83
Stop: Under the 50 SMA / back inside the box
💬 What do you think about this setup? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
Darvas box breakout / 50 SMA reclaim
🔎 Analysis summary:
The stock moved inside a Darvas box and yesterday broke above the top of the box while also reclaiming the 50 SMA. Strong buyers volume is helping support the move, but with the broad market still under pressure, this is one to manage with extra caution.
👀 Levels to watch:
Entry trigger: Break above $54.18
Target: $63.83
Stop: Under the 50 SMA / back inside the box
💬 What do you think about this setup? Let me know in the comments! 👇
Good luck!
⚠️ Note: This is for educational purposes only and is not financial advice.
📈 Follow for more swing setups & market analysis!
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🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Follow for more swing setups & market analysis!
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
🎯 Want my opinion on a specific stock?
Hit the link below👇
ko-fi.com/c/82990ede9f
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.