TradeTheTrends

STMP, REVERSAL COMING?

Long
NASDAQ:STMP   Stamps.com Inc
Hello fellow traders and investors, here's another trade idea.
STMP has recently pulled back to the key level that is acting as a support, previously STMP tends to make a reversal whenever it approaches the support area . If STMP makes a full recovery it offers a little bit over a 55% ROI .

Technicals:
The Macd indicates that STMP is oversold
The Ema's indicate that STMP is still in a downtrend

When To Buy:
When EMA's crossover
When the Macd indicates a reversal by crossing its EMA on the DAILY timeframe

When To Sell:
I recommend selling at the resistance area which offers around a 55% ROI .

I hope you enjoyed this quick analysis, if you enjoyed leave a like and follow for more, Thanks.

Comments

Looks like a good trade and I like how its on no ones radar.
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@DKminer Amazing company and amazing technicals, great trade setup! Good luck :)
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