After a nice rise last week and seeing MoneyFlow still moving up and the Stochs still high, I see a little more room to grow. Looking at the chart, yes it did break through the lower limit I set for consolidation, but it bounced back. Looking for entry around $53.60 - $53.30 and believe we will see $57.00 - $57.50 (near average daily price) before another trip south. Always use stop losses and trade responsibly my friends!
Trade closed: target reached:
Nice trade, got out a little too early though. Caught a very small short to make up for it though.