This morning took a small position in $GTLS after it run up at the open and went back down immediately to some mid support level.
Entered the trade at around 154-155.
It might have been premature, since the company is moving sideway and staying inside the channel, both on the top and bottom. But I am willing to take higher temporary downside risk as the company raised guidance going forward.
I believe that mid range level will act as support for the next few days, before analyst raise price target and the share price will finally break out the triple top pattern.
RSI and MACD look ok, but it seems volume is coming in.
Will monitor and will add more if it goes back to the lower end of the channel!
Peace!
Entered the trade at around 154-155.
It might have been premature, since the company is moving sideway and staying inside the channel, both on the top and bottom. But I am willing to take higher temporary downside risk as the company raised guidance going forward.
I believe that mid range level will act as support for the next few days, before analyst raise price target and the share price will finally break out the triple top pattern.
RSI and MACD look ok, but it seems volume is coming in.
Will monitor and will add more if it goes back to the lower end of the channel!
Peace!