This is a daily chart on 
BROS but if you look at the weekly it has regained the 30 week around $53.20 or so (it moves as the stock moves). Both the 10 and 20 EMAs are rising as is the RS Line. It is however still below the 50 DMA which might be a safer entry. But, I've taken an early entry this morning and I'll place a stop on a close below the 30 Week MA. Ideas, not investing / trading advice.
BROS but if you look at the weekly it has regained the 30 week around $53.20 or so (it moves as the stock moves). Both the 10 and 20 EMAs are rising as is the RS Line. It is however still below the 50 DMA which might be a safer entry. But, I've taken an early entry this morning and I'll place a stop on a close below the 30 Week MA. Ideas, not investing / trading advice.Note
I said 30 Week above... not the 30 but the 10 week MA. This stock has not been trading for 30 weeks. Sorry about that.Trade closed manually
I tried holding this but the market is not giving high PE names any slack. Closed @ 51.50. Back on the watch list.
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I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.