Done lots of thinking on this one, plenty of pointers toward a break upward.
Much like the $PHX chart previously posted am looking for a low entry, but if that fails I will look for the retest of the breakout should it happen.
The risk averse would always go for the breakout retest, I like to speculate a little more.
Am hoping for a little retrace on this one before it breaks upwards, just so I can fill up at the lesser level, failing that I will look for the retest of the breakout point, should it happen.
This $ONT trend has been developing for 30 days now - Once that ceiling is broken you would expect a decent return - Entry is tough on this one as exposure down to a sensible stop loss is too big as things stand - 6%+ is too much for my liking.
May have to wait for the breakout, if it comes, and look to get the retest as that ceiling has stood firm, so it should...
$AE looks primed for a break out, the sensible strategy would be to wait for the break and take the retest - The riskier strategy is to get in around here as all signs are to an upward break as opposed to bombing out.
$TRX has been in decline since the end of January - Slump seems to have levelled and now we see a bullish divergenceand the price trying to break out upward from the descending triangle -- Good entry time.
