Market structure: Uptrend, Price respecting 50MA, 5 consecutive positive earning. Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60. Will enter on the next day open Stop loss: 1 ATR below recent swing low at 14.70 Take profit: will trail accordingly Disclaimer: Below simple trading idea is just for sharing,...
$MOD remains resilient within a bullish technical structure that was highlighted earlier this month, averting a potential correction that was experienced by the smaller-cap companies this morning. $MOD closed the earlier session at $14.28, an intraday gain of +2.29%. First sign of bullish trend resumption for $MOD was signaled with a Bullish Reversal Hammer...
$MOD broke out of its 3 weeks consolidated range, trading beyond its $13 major resistance level with a pre-market open runaway gap pattern. It closed this morning at $13.47, representing a intraday gain of +6.40%, a similar breakout was also witnessed in $AMBA that was alerted yesterday. $MOD first sign of bullish trend resumption was signaled with a Bullish...
MOD: Modine Manufacturing Company 2020-11-05 16:15:00 Modine Announces Share Repurchase Program
After good earnings, MOD accumulate for a month right under 7.00 Expect to breakout 7.00 and go to 8.00 and higher
Hello ! Key points : Accumulation zone Halfway retracement Volume uptrend > volume downtrend Currently, I feel like there's an accumulation going on. In fact, we have some clues that buyers were strong : 1) we see several spikes in volume 2) the bodies of the candlesticks grew wider the more the trend advanced As you can see, we've had a little...
MOD: Modine Manufacturing Company 2020-04-27 07:00:00 Modine Announces Launch Of Authorized Contractor Program To Build And Support Long-Term Customer Relationships
Modine is almost a buy a never go long without confirmation and although there are multiple indicators positioning for an upward move this does till have potential to fall to the 9's. i will do 2 things from here, wait until earnings and until there is a breakout of the wedge.
MOD is printing a bullish full-body candle over candle price bar on above average volume with my momentum/trending oscillators confirming the price move. I am adding to my long position on Monday using a limit order (GTC-BUY-LMT) @ 22.35. I will have two trailing stops (GTC-SELL-STP) @ 21.55 and 21.20 to protect my initial invested capital in case the stock does...