PROXIMUSLong
2017-07-26 - Proximus - Go Long
My previous idea on Promixus didn't work out the way I expected. (See 2017-06-16)
The stock is now trying to fill the gap. Based on the increased bullish volume I am anticipating that the gap fill will be successful tomorrow and the stock will continue the trend.
PRO:
1) Bullish Volume on a Bullish bar
2) The stock broke out of the range it was stuck in
AGAINST:
1) The bar is bullish but with an upper wig (the supply may be because of profit taking?)
2) It may be a false breakout
3) In my original plan (See 2017-06-16) I anticipated a gap fill and then a bearish trend, this may still happen
The stock is now trying to fill the gap. Based on the increased bullish volume I am anticipating that the gap fill will be successful tomorrow and the stock will continue the trend.
PRO:
1) Bullish Volume on a Bullish bar
2) The stock broke out of the range it was stuck in
AGAINST:
1) The bar is bullish but with an upper wig (the supply may be because of profit taking?)
2) It may be a false breakout
3) In my original plan (See 2017-06-16) I anticipated a gap fill and then a bearish trend, this may still happen
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