Medpace Had big earnings beat, gapped way up and finished that day in the upper ¾ of the candle (Bullish). It has been digesting that move for about 7 weeks now and has formed a long Bull Flag. It just peaked out of that flag, and I’ve started a small position just to get in early. It is also low risk as I have decided that if this closes below the gap up day, that’s my stop and were my thesis is wrong. That equites to about a 3.7% risk. I plan on adding if / when it makes a solid close over the Bull Flag. My first target will be the top of the channel. See chart for my notations.
If you think you would like to make this trade, please make it your own and follow your entry, exit, and risk rules. Ideas, not investing / trading advice.
If you think you would like to make this trade, please make it your own and follow your entry, exit, and risk rules. Ideas, not investing / trading advice.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.