Looking to buy a pullback to .50 fib or a breakout and retest above today's high, $46.92.
Why:
The breakout is not ideal since the Risk/Reward is only 1.43. May not enter that if there is not strong volume.
Why:
- Relative strength compared to SPY.
- Bullish MACD
- All EMAS pointed upwards
- Consolidating for weeks
The breakout is not ideal since the Risk/Reward is only 1.43. May not enter that if there is not strong volume.
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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.