This stock came across my scanner and I like this trade setup for a long play on the breakout, target would be $30-$30.30.
If price falls below the lower support, trade would be void.
Lets see how this idea plays out.
Everything here is purely my opinion, and in no way advice or recommendations on making trades. I may or may not hold positions in the instruments I analyze.
Cheers, Les
Trade closed: target reached
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Target wasnt necessarily reached, but decided to close this trade idea after the stock did what it was supposed to. It was a nice set up and broke out higher to close the gap. Nice action for this stock.