I recently closed out a 1.1:1 trade in Rollins. In this video, I describe what I was looking for and why the trade setup worked so nicely. Just a 2 day swing to get paid!
📈 Company Overview:
Rollins NYSE:ROL : Specializes in pest and wildlife control services, capitalizing on increased demand for pest control driven by factors like more time spent at home and migration to warmer climates.
Acquisition Strategy: Rollins is consolidating the fragmented industry through serial acquisitions, expanding its market reach and...
My goal in my video ideas is to help traders become more successful and one of the primary ways to be successful is to NOT LOSE MONEY. One key way to avoid losing money is to avoid earnings risk in otherwise great trading setups.
Hey investors, ROLLINS is in a downward push, rejection of sellers that a large volume of purchase. it is in a consolidation zone what risk of breaking from below to seek its first low to rise. We can breakout the area if the buyers continue this momentum and even see why try to break their new area.
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A Cup With a Handle Pattern is a very reliable pattern. The buy entry should always be 10 cents above the high of the handle. In this example the high was $62.02.
My entry point would be at $62.12 as long as the volume for that day is 40% above the 50 day average volume.
ROL broken out its all time high resistance with high volume, and showing upward momentum. Moneyflow also pushed higher. It proved to be recession proof. Based on Fib-extension we think it will go above $40.
* Trade Criteria *
Date first found- January 25, 2017
Pattern/Why- Breakout potential
Entry Target Criteria- Current price
Exit Target Criteria-...
