A nice cup pattern is forming with the correct volume to back it up. In the beginning stages of a pattern like this, I follow up daily with tight Stop Limits, better risk management, especially since the base has not begun on the right side. Very early analysis but IMO worth trading.
A healthy retracement into the purchase area on light volume will consider adding to position.
Wouldn't mind it remaining above the 50 MA either.
Alerts and Stop Limits while accumulating.
A healthy retracement into the purchase area on light volume will consider adding to position.
Wouldn't mind it remaining above the 50 MA either.
Alerts and Stop Limits while accumulating.
Comment:
nice bounce off the 50EMA and close above the 200EMA.
