Fits the criteria of what I'm aiming for so I went long today after missing the breakout yesterday. Stock in an uptrend... i.e. 10 / 20 / 50 ema's are all sloping upwards, declining price volatility after a large move (price tightening) along with declining volume while consolidating after a big move.
One concerning note is the low trading volume during the breakout. We'll see how it plays out.
One concerning note is the low trading volume during the breakout. We'll see how it plays out.
- Entry: 63.32
- Stop: 60.51
Trade closed: stop reached