Looking good for a possible long entry. What is a bit concerning is the MA200 coming in at 8260 which might cap gains. Will need to break above the MA200 for further upside.
So will have 3 possible targets and monitor closely how the stock trades around first and second target should they be reached.
Entry will be a break and daily close above 7800.
Stop loss will be 7320 and adjusted to a trailing stop should the MA200 be overcome.
1st target - 8260 (MA200)
2nd traget - 8850
3rd target - 9450 (might be a bit ambitious but possible)
So will have 3 possible targets and monitor closely how the stock trades around first and second target should they be reached.
Entry will be a break and daily close above 7800.
Stop loss will be 7320 and adjusted to a trailing stop should the MA200 be overcome.
1st target - 8260 (MA200)
2nd traget - 8850
3rd target - 9450 (might be a bit ambitious but possible)
Trade closed manually