Yesterday i mentioned this idea as no brainer buy for 15 min time frame, as it's all time high stock and clearly out-performer than US index. It's already moved up towards new high. Now no entry there.
But if you took entry on last trading day then stay in the trade.
Yesterday's stock idea before market open :
QLYS (US) is at all time high stock. Buy for one more high as it is in 4th wave correction. Buy with stops below 103.48 for new high as target. After big upmove last week it just consolidating in upper zone. Better buy idea.
But if you took entry on last trading day then stay in the trade.
Yesterday's stock idea before market open :
QLYS (US) is at all time high stock. Buy for one more high as it is in 4th wave correction. Buy with stops below 103.48 for new high as target. After big upmove last week it just consolidating in upper zone. Better buy idea.
Trade closed: stop reached:
It's just made double top as new high.
Comment:
It's better example of 5th wave truncation .
Comment:
or say double top in simple chart pattern