ROL broken out its all time high resistance with high volume, and showing upward momentum. Moneyflow also pushed higher. It proved to be recession proof. Based on Fib-extension we think it will go above $40.
* Trade Criteria * Date first found- January 25, 2017 Pattern/Why- Breakout potential Entry Target Criteria- Current price Exit Target Criteria- $40.67 Stop Loss Criteria- $33.27
(Note: Trade update is delayed here.)
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January 27th- Nice upward move & closed 2.27% higher. Looking very good as long. January 26th- Hit entry today, now wait & see.
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January 31st- Huge 7.12% upward move today, Looking very good as long. January 30th- creating higher highs and higher lows. Looking Good!
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February 10th- Went up another 1.21% today, looking very good as long. We would consider a short term profit taking target of $37.13
February 9th- Very nice upward move, and made a higher high. Looking very good as long. February 7th- Nice upward move, and closed at the top of the range. Looking very good as long. Updating stoploss to $34.67 February 3rd- Seems its uptrend is resumed as it bounced off from EMA 9 & had 2 consecutive upward move. Looking very good as long now.