Just washing and repeating this trade from previous set ups :)
PETS afters some news today has busted out of range. there is about 40% short interest in this. watching this closely for a breakout later we should start a short squeeze back up to highs or higher.
Let's see if we can do this 'one mo gin'
A negative article smacked PETS down over 40% in just a few weeks. Since then it has leveled off and seems to be close to squeezing some shorts out. Volume has NOT confirmed a move, but price action has hinted at one, with the highest close (and first over 8 ema) since the final meltdown on 8/23. This isn't my most confident play, but I love the gains from these...
According to my brother Niels C " Cramer yesterday - his theme was pet care - one of the stocks he covered was PETS. What's your opinion - for a swing trade?" Here's my technical analysis on PETS. I agree. Looks bullish to neutral. I agree!
We missed the day trade on PETS. : ( BUT, with the selling that's coming in right now, IV is spiking. I wouldn't mind owning down here anyway. PETS does pay dividends and it's over $13 away from where we are now.....
Multidiagonal confluence setup here for a long trade around March. Slightly difficult to chart this one, so there could be an early breakout, but i would still hold for March personally.
above 50 and 200-concept stock-enter only on strong short term candle-diversify-money flow good-stoc about to cross-Phd with 40 yrs trading experience-long term thus trailing stop loss 50 ma