NYSE:SHLX trade setup:
Entry above Friday's high at 12.80
Stop Loss under Nov 1 low at 11.89
Profit target is 15.99
Risk/Reward of 3.5
- Inverse head and shoulder bottom
- MACD re-crossing positive
- 20 EMA above 50 EMA and both are upward and accelerating
- Last bar was very bullish and broke small trendline
Entry above Friday's high at 12.80
Stop Loss under Nov 1 low at 11.89
Profit target is 15.99
Risk/Reward of 3.5
Order cancelled:
Entry not hit. Trade cancelled.
