recent uptick in volume and price action showing some momentum in the trend
Meant to post this one a few days ago been a little busy. Still a good buy in point think I got in around $13.
With a successful break-out, potential target price could be $69.80 (= difference between support at $48.82 and break-out point $59.31 added to break-out point). Stop-loss could potentially be placed somewhere below old resistance at $56.73, giving a risk/reward ratio of around 10:3, or below the rising trend line. Comments welcome.
AFSI expected to open at 51.26 for a Retest Gap. To learn to trade this strategy for free, go to www.RealLifeTrading.com