Very nice channel up that is also a Buy Setup. Stronger than the market.
Since the channel is tight, I could either take profit at 2R as shown, or if it reaches the top of channel early, sell then.
Selling early isn't a bad idea as this would be difficult to move to break even. Earnings is 13 days away so I want to be out by then.
Hello traders, ENCOMPASS HEALTH CORPORATION is in a bullish configuration with a hammer candle and high traded buy volume. By zooming in on the TIMEFRAME M1 we see a tombstone with a large purchase volume, it has bounced on the high range to re-test it. And moving towards the higher of the bollinger it is very plausible to breakout the price at the same time the...
