Strong close above the resistance - 2nd chance
Price took support from the parallel channel bottom which is 215 levels and now trading at the middle of the channel closing above the previous resistance with strong close ( without wick ).
Today's last 4 hr candle indicates the buying pressure of the stock, long wick at the bottom and strong close at the top. This would be the 2nd chance for the traders and the channel top is the target for this entry.
Today's last 4 hr candle indicates the buying pressure of the stock, long wick at the bottom and strong close at the top. This would be the 2nd chance for the traders and the channel top is the target for this entry.