MODINE MANUFACTURING CO (MOD) - Trend Continuation
Updated
Market structure: Uptrend, Price respecting 50MA, 5 consecutive positive earning.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Note
price hit stop lossTrade closed: stop reached
Always trade with the Trend, Trend is your friend until it bend
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