BWXT I sold this today for a tiny loss but I think it could have an "after earnings rally." I bought on Aug 21st at what looked like a reversal confirmation. It wasn't. Looks like there is a lot of resistance at the horizontal line area. This could also be a bear flag. I won't know until it resolves. I have an alert over the area of resistance. Let's see what happens.Most of the time when a stock pulls back like this one, there is a resumption of the prior trend. In this case that is up. Operative word here is "most."
As always, if you like this idea, please make it your own by following YOUR trading plan and rules. Remember, it is YOUR money at risk.
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BWXT Looks like we finally have a breakout. I have been in and out of this name with very tight stops. I have lost small on 2 prior trades. I got back in this morning @ $168.00 a share (1/2 size again). My stop will still be tight with a close back under the horizontal support / resistance line. Let's see how it works this time.
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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 am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
I am under no obligation to post any action or update to any idea.
Follow me on "X" where I post more content.
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.