Tech finished the week on a positive note.
TIGR stock gapped down today and clawed itself back up and is now sitting at a major resistance zone at 23.76.
Constructive consolidation IMO. We climbed around 23% yesterday - to close the next day only down 0.13% is bullish!
If the market as a whole can rally next week, PT is the gap fill to 30.49.
Expecting a breakout and retest of the resistance/support line at 23.76 so that we can test the top of the channel at 29.01 then gap-fill to 30.49.
Resistance lines/zones drawn using daily candles.
Position: TIGR 25C 03/19
TIGR stock gapped down today and clawed itself back up and is now sitting at a major resistance zone at 23.76.
Constructive consolidation IMO. We climbed around 23% yesterday - to close the next day only down 0.13% is bullish!
If the market as a whole can rally next week, PT is the gap fill to 30.49.
Expecting a breakout and retest of the resistance/support line at 23.76 so that we can test the top of the channel at 29.01 then gap-fill to 30.49.
Resistance lines/zones drawn using daily candles.
Position: TIGR 25C 03/19
Trade closed: stop reached