Short-term momentum looks to have re-aligned with the longer-term uptrend. We had a deep pullback into late October, but the price doubled bottomed there and had a sharp recovery after. Looking to capitalize the short-term rally which could unfold into a major upwave.
Target is conservative but has a great reward:risk. Can also use ATR Stops as a trailing stop loss--if price closes below the indicator line, move the stop loss to just below the low of that day.
Target is conservative but has a great reward:risk. Can also use ATR Stops as a trailing stop loss--if price closes below the indicator line, move the stop loss to just below the low of that day.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
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.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
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.