Just and idea...
SPLK bounced from an ascending triangle trendline, if it will breakout from this annoying Sell Block area, then there is not much holding it back till $116.
Play it as R:R 1:2.25 or simple 3% and run.
FOMC tomorrow and tech not much in strength lately. MSFT earnings are today (25.07) and can change whole trade setup.
SPLK bounced from an ascending triangle trendline, if it will breakout from this annoying Sell Block area, then there is not much holding it back till $116.
Play it as R:R 1:2.25 or simple 3% and run.
FOMC tomorrow and tech not much in strength lately. MSFT earnings are today (25.07) and can change whole trade setup.
Trade closed: stop reached:
Stoped out... to bad... setup was good, Market had different mood.