Cup and Handle has formed on the Daily with price respecting the S&R of the handle. Also a possible Golden Crossover about to occur as well. Waiting for a break out above the short term resistance to buy a parcel. RSI showing bullish bias as well.
Target Buy Price: $3.75 - Above the short term resistance
Stop Loss: $3.65 or 2.67% - Just below the most recent low as this would indicate that C&H didn't play out
Target Sell: $3.89 - Next level of resistance
Target Buy Price: $3.75 - Above the short term resistance
Stop Loss: $3.65 or 2.67% - Just below the most recent low as this would indicate that C&H didn't play out
Target Sell: $3.89 - Next level of resistance
Trade closed: stop reached:
Ended up getting stopped out... Good lesson to wait and be more patient, jumped the gun a bit with my entry.