- BUY ZONE 1 Trade Plan
Price currently testing 200 DMA
- Volume is currently heavy
- Wait for a successful defense of 200 DMA and close above down-sloping trendline ; I like to see 2 consecutive closes above prior to entry
- If 200 DMA definitively fails, go to Buy Zone 2 Plan
BUY ZONE 2 Trade Plan
- Wait for this area to be successfully defended by bulls ; Want to see a definitive break above down-sloping trendline with a 2 day consecutive close above.
- If you are extra conservative, wait for a break and close above 20-day MA.