Watching for a breakout (happened) and close above $86 (hasn't happened as of July 18 mid-day). That could signal another advance after a consolidation period below $86. The shakeout/false downside breakout in June was a good sign for the upside.
Swing trade target is about 8% above the breakout level, near $93. With a tight stop loss the reward:risk is greater than 3:1. ATR Stops also works a trailing stop; adjust the inputs to your liking.
Disclosure: No position yet, but may initiate within the next few days if the conditions stay favorable.
Swing trade target is about 8% above the breakout level, near $93. With a tight stop loss the reward:risk is greater than 3:1. ATR Stops also works a trailing stop; adjust the inputs to your liking.
Disclosure: No position yet, but may initiate within the next few days if the conditions stay favorable.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Disclaimer
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.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
Disclaimer
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.