VCCBO + Retest Gap + 0R/NS + Gap Filled + 10emaX50&100
(VCCBO) = Volume Confirmed Consolidation Breakout.
(OR/NS) = Old Resistance/New support
SEDG broke out of consolidation on high volume. The gap up is a retest gap and today it looks like it is retesting old resistance which is holding as new support. this retest has also filled the gap
Since I dont want to be in this play if the 14.50 mark doesn't hold I am going to keep my stop tight which puts me at 3:1 to the high of the gap and almost 5:1 at 16.50
Trigger: 14.65
Stop: 14.25
Target: 15.79
(OR/NS) = Old Resistance/New support
SEDG broke out of consolidation on high volume. The gap up is a retest gap and today it looks like it is retesting old resistance which is holding as new support. this retest has also filled the gap
Since I dont want to be in this play if the 14.50 mark doesn't hold I am going to keep my stop tight which puts me at 3:1 to the high of the gap and almost 5:1 at 16.50
Trigger: 14.65
Stop: 14.25
Target: 15.79