BPMC is printing a bullish full-body hammer candlestick over candlestick price bar on heavier above average volume with my momentum/trending oscillators confirming the price move. I am going long BPMC on Thursday using a limit (GTC-BUY-LMT) order @ 76.00. I will have one trailing sell stop (GTC-SELL-STP) @ 70.82 to protect my initial invested capital in case BPMC...
- non break-out volume is on the low side
- overall bear market in the past few days w/ high volatility
- price range is a bit wider than ideal
+ broke out today under extreme high volume
+ support from both fast and slow ema
+ narrowing of bollinger band
+ 5ema pierced through the middle of the body
+ Consecutive NR3 of prior days
+ bullish trend intensity
+...
