The handle has morphed in to a rectangle
Much like A<MD did
Volume is flat which is characteristic of a rectangle/look for an increase in volume otheriwise it may bump up and down in the rectangle
Maybe a swing trade, or maybe not..depends on what youl like
I am personally not a fan of trading inside of rectangles. But we are all different.
I do not think this stock will bottom out. But who knows?
A break out or an increase in volume is needed desperately
when trading inside a rectangle, mid rectangle is your stop either way/up or down/if going by the pattern
That would be awfully close to entry if going long
Not a recommendation/I still own this but at this point, I am leery to buy more right now
But tomorrow is another day
Nice gain today though!
HL= Handle low which is often an important source of support
Much like A<MD did
Volume is flat which is characteristic of a rectangle/look for an increase in volume otheriwise it may bump up and down in the rectangle
Maybe a swing trade, or maybe not..depends on what youl like
I am personally not a fan of trading inside of rectangles. But we are all different.
I do not think this stock will bottom out. But who knows?
A break out or an increase in volume is needed desperately
when trading inside a rectangle, mid rectangle is your stop either way/up or down/if going by the pattern
That would be awfully close to entry if going long
Not a recommendation/I still own this but at this point, I am leery to buy more right now
But tomorrow is another day
Nice gain today though!
HL= Handle low which is often an important source of support