I like this set-up going into next week. Looks to me that we have several things going here. We have a pullback to Structural Support, Cup W/Handle Formation, Bull Flag Formation and Declining Volume as it pulls back (lack of sellers). This may be a good candidate for your watch list. Look for the solar sector to move higher (there are several good names I'm watching). I'll be looking to go long if: 1. the market as a whole improves, 2. we have an upside reversal up and out of the bull flag and 3. we are above the structure area ( support / resistance). Ideas, not investing / trading advice.
Trade active:
Started with a 1/4 size position @ 22.26. I'll add on any strength. Stop under day low. Let's see what happens.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.