ROL broken out its all time high resistance with high volume, and showing upward momentum. Moneyflow also pushed higher. It proved to be recession proof. Based on Fib-extension we think it will go above $40.
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Breakout potential
Entry Target Criteria- Current price
Exit Target Criteria- $40.67
Stop Loss Criteria- $33.27
(Note: Trade update is delayed here.)
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Breakout potential
Entry Target Criteria- Current price
Exit Target Criteria- $40.67
Stop Loss Criteria- $33.27
(Note: Trade update is delayed here.)
Note
January 27th- Nice upward move & closed 2.27% higher. Looking very good as long. January 26th- Hit entry today, now wait & see.
Note
January 31st- Huge 7.12% upward move today, Looking very good as long. January 30th- creating higher highs and higher lows. Looking Good!
Note
February 10th- Went up another 1.21% today, looking very good as long. We would consider a short term profit taking target of $37.13February 9th- Very nice upward move, and made a higher high. Looking very good as long. February
7th- Nice upward move, and closed at the top of the range. Looking very good as long. Updating stoploss to $34.67
February 3rd- Seems its uptrend is resumed as it bounced off from EMA 9 & had 2 consecutive upward move. Looking very good as long now.
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Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
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Related publications
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.