Fundamentals. The earnings report exceeded expectations.
Technical analysis. Daily chart: Wide sideways, trend break level ahead at 13.82 Premarket: Gap Up on moderate volume. Trading session: The initial impulse from the opening was stopped at 13.15, after which the price began to tighten to this level. There was a breakout and a quick return back behind the level at 10:15, but the structure of the tightening was not broken and the price continued to tighten to the level. Then the breakout occurred at 11:17 and the price stopped in trading range right on the level 13.15. We considering a long trade to continue the upward movement.
Trading scenario: breakout with retest (tightening with retest) 13.15
Entry: 13.23 when exiting upwards from the trading range at 13.15
Stop: 13.09 we hide it behind the trading range
Exit: Close part of the position at 13.51 when exiting downwards from accumulation, close the remaining part of the position when breaking through and returning below the daily level of 13.82.
Risk Rewards: 1/3
P.S. In order to understand the idea behind the Stock Of The Day analysis, read the following information.
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Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.