I am a buyer if it closes above the 5 EMA. Will do a 2ATR stop. Earnings winner. Ascending wedge. HHs, HLs. Piercing $8.71 will give me extra confidence and what I would like to see happen.
will place 0.2% of capital at risk as always...
Breaking out of the rectangle, also fits the ascending wedge pattern with a break above. Will give it a shot and bet on the trend. Positive earnings. Stop set if it falls back into the consolidation range = trend failed.
Wary of extended SP500, but following price as always.
This is a great time to utilize the Darvas Boxes indicator. Sell stop below bottom of box with a SL above top. Containment within the bearish channel is the basis behind entry. Breach of the top of the box will cancel trade. Cheers