-No clear primary pattern but a retest of 6.50 handle which happens to coincide with the ATH before the GFC crash 2007
-Small 4 week ascending triangle 'launching pattern' (without this, I wouldn't even consider this trade)
-Strong uptrend
-Bollinger bands squeezing on the daily
30 basis points planned
Buy on a break and daily close above 6.58 with an increase in volume
Trend follow model for trade management
-Small 4 week ascending triangle 'launching pattern' (without this, I wouldn't even consider this trade)
-Strong uptrend
-Bollinger bands squeezing on the daily
30 basis points planned
Buy on a break and daily close above 6.58 with an increase in volume
Trend follow model for trade management
Note
Today looks promising with a gap up over long weekend. Waiting to see where the day closes, if it is accompanied by volume and a favorable trade risk.Stand by
Note
Putting in buy stop order @ 6.58Note
Order filledSL @ 6.39
Note
Share buyback cancelled after hours... this doesnt look goodTrade closed manually
Wigged out, Closed position out at market open.-0.5R
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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.