A contrarian approach, Page group has strong fundamentals but my analysis shows that extension is likely to retrace either at 23.6% or at 38.2% Fib levels (where 38.2% also falls within the previous structure support)
Trading Plan:
1. Enter trade at open.
2. Stop loss above the resistance zone with 1xATR
3. 1st Target at 23.6% levels
4. 2nd Target at 38.2% levels.
If there is HHHC above the resistance zone then to cut the losses even if the stop loss is not hit.
Good luck All! May the markets be with you!
Trading Plan:
1. Enter trade at open.
2. Stop loss above the resistance zone with 1xATR
3. 1st Target at 23.6% levels
4. 2nd Target at 38.2% levels.
If there is HHHC above the resistance zone then to cut the losses even if the stop loss is not hit.
Good luck All! May the markets be with you!
Trade closed: stop reached