Hey guys, these are my thoughts on EXPD: So we if we look at the long term trend, this is really bullish and thats what we want, the medium trend is also bullish and the short term is flat. we want to trade with the major trend and not against it, this is very important. First of all, the stock on friday broke a lot of resistances so this is very strong for a...
The previous idea we shorted stock EXPD
Trade levels on the chart., entry, stop and PT1
The trade is still active with the remaining of the position depends on which plan is executed on PT1.
Plans are in the original idea post.
The trade is in the money and today after close i will update the new trailing stop.
This stock is very interesting.
As drawn on the chart the stock paid a visit back up to the high volume area which previously sold from big money.
The pull back was on very low volume. this means there is no more buying interest in this area or absorption for the trapped holders on the high volume area.
Notice at point A on the chart there was a big spike in...