-Parabolic trend
-Tight 3 week pennant continuation
-Wide spread between 50 and 200 daily SMA indicates strong trend
-Daily Bollinger band contraction with price sitting on 20 day median moving average
-Good volume on fridays close
-BATS Exchange issue sitting just off ATH above $100
30 basis points planned, will buy intraday break of pennant
-Tight 3 week pennant continuation
-Wide spread between 50 and 200 daily SMA indicates strong trend
-Daily Bollinger band contraction with price sitting on 20 day median moving average
-Good volume on fridays close
-BATS Exchange issue sitting just off ATH above $100
30 basis points planned, will buy intraday break of pennant
Note
Buy stop order @ 13.70SL @ 13.47
TP @ 14.70
Trade active
Order filledNote
I am happy with this close even though I bought the daily highNote
New ATH for the BATS Exchange issue overnightNote
A nice gap up todayNote
Stop moved 13.59Note
Stop at entry @ 13.70Note
3 day trailing stop rule in effect at 14.44Note
Trend still looks healthy on BATS exchange issue with a 12 day congestion surpassed on good volume into all time highs on a friday close.For these reasons, I have elected to pull my take profit order and trail my stop at the low of the day as they close (Last Day Rule)
Trade closed: stop reached
Happy with that+3.13
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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.