MLHR - On balance volume build up
Updated
Following the trend on solid stock.
LONG - MLHR
SL: 46.46 (Suggested by me)
TP: 49.41 (Suggested by me)
Reasons behind this idea:
1. HERMAN MILLER has been performing strong compared to the NASDAQ index
2. On balance volume has been growing strong, there is a lot of interest
3. Anticipating another gap up on earnings report but must also manage risk if it goes the other way! I prefer the price to hit the target first, before the report to eliminate risk.
Please trade responsibly and good luck!
LONG - MLHR
SL: 46.46 (Suggested by me)
TP: 49.41 (Suggested by me)
Reasons behind this idea:
1. HERMAN MILLER has been performing strong compared to the NASDAQ index
2. On balance volume has been growing strong, there is a lot of interest
3. Anticipating another gap up on earnings report but must also manage risk if it goes the other way! I prefer the price to hit the target first, before the report to eliminate risk.
Please trade responsibly and good luck!
Trade closed: stop reached
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