SRZN great trend up this year then pullback can be bought LONG
SRZN ona 30 minute chart is on a consistent trend up for three weeks with some minor normal
corrections while underway. Now is one of those pullbacks waiting for an entry.
Price is getting support from the first upper VWAP bandline confluent with the lower ascending
support line of the megaphone pattern. A megaphone pattern documents increasing volatility
in the price action. Volatility is profitable in trading the swings as a swing trade or even
intraday. I will take a long trade here targeting the top of the pattern or about
going from 12 to 15 being 25% upside.
corrections while underway. Now is one of those pullbacks waiting for an entry.
Price is getting support from the first upper VWAP bandline confluent with the lower ascending
support line of the megaphone pattern. A megaphone pattern documents increasing volatility
in the price action. Volatility is profitable in trading the swings as a swing trade or even
intraday. I will take a long trade here targeting the top of the pattern or about
going from 12 to 15 being 25% upside.
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