I would appreciate if the price made a confirmation retest at the support of $15.5 (thats where i'd enter). I would also wait for the price to test the high a few times and enter on the break out if the price doesnt come down to the support level.
*If it goes against my trading plan, I'd stop-out below the support of the Flag Pennant.
This has a very long base, starting a J hook pattern.
The MACD has crossed.
The CCI and %R are near the top.
Relative Strength is strong,
Money Flow is strong.
On weekly: The bollinger bands have narrowed and the cloud is at the $13 range.
Buy our book: pennies to thousands and you'll also see my explanations on my Youtube channel with the same name.
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