I believe this stock has good chance of rising to its 200dma, possibly overshooting it as it has done so in the past (pink arrows).
- Recent small bull flag.
- Rising MACD.
I bought yesterday when I spied it rising out of a strong looking bull flag. I doubled up on it today on the +15% burst. Target is 200dma or slightly higher (at least 33%). Stop is @ breakeven.
- Recent small bull flag.
- Rising MACD.
I bought yesterday when I spied it rising out of a strong looking bull flag. I doubled up on it today on the +15% burst. Target is 200dma or slightly higher (at least 33%). Stop is @ breakeven.
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Stopping out. There was just no follow through. This now has a "double top" feel to it.
It would be safer to revisit it at the 50ma.
It would be safer to revisit it at the 50ma.