Inside bar after earnings is one of the inside bar trades that can break the 8ema rule as the earning day may be taken as a whole new start,
which implies strong potential momentum.
CMG had a 25% rally after the earning report to come back to the stage,
and it gave a daily shooter here, I like the long much more than the short though.
Of course, if it breaks to the downside, the room of correction also looks juicy to trade the gap filling,
but I'd rather skip the trade with regards to how it soars to the sky.
That is, if it breaks to the downside first, this trade doesn't exist anymore!
Let's see how it goes!
which implies strong potential momentum.
CMG had a 25% rally after the earning report to come back to the stage,
and it gave a daily shooter here, I like the long much more than the short though.
Of course, if it breaks to the downside, the room of correction also looks juicy to trade the gap filling,
but I'd rather skip the trade with regards to how it soars to the sky.
That is, if it breaks to the downside first, this trade doesn't exist anymore!
Let's see how it goes!
Order cancelled:
Broke to the downside, cancel this trade first!
