MODINE MANUFACTURING CO (MOD) - Trend Continuation
Market structure: Uptrend, Price respecting 50MA, 5 consecutive positive earning.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Comment:
price hit stop loss
Trade closed: stop reached