This idea was presented to me by my good friend JohnMuchow here on TradingView and twitter. Looks like we have a cup w/o handle formation. The ideal here is that the handle forms on the pattern which will give a shake-out to the weaker hands and allow the stock to continue to march up. In absence of that I'd look for a close something over the $100.00 mark. I have an alert at $102.38. But as I've said I'd rather this form a handle. All TBD. I have marked up the chart with my thoughts. Ideas, not investing / trading advice.
Trade active
6/11 - Trade triggered. Opened a 1/2 position @ 105.80 stop to be 2 closes below the 8 ema. Let's see what happens here. All I can do now is manage risk by honoring my stop. I'll look to add on a move over the $110 - $111 resistance area. All TBD.
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.
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.