Backdrop
Coming out of a cup-and-handle formation on the daily chart
Currently sitting on SMA 200 support ($34.03/share)
Has held up very well in the correction
Technicals looking strong
Strategy
Build position above 34
TARGET 36/38/42
STOP 34/32/30
R/R 1.35-1.50
Coming out of a cup-and-handle formation on the daily chart
Currently sitting on SMA 200 support ($34.03/share)
Has held up very well in the correction
Technicals looking strong
Strategy
Build position above 34
TARGET 36/38/42
STOP 34/32/30
R/R 1.35-1.50
Kommentera:
Stock reaching first target today. I would increase trade size and stop loss on a close above 36.