Long
Potential Long Setup in VMD.TO
Interesting setup here in a relatively new stock.
Pulled back from a strong trend.
Has popped out of the pullback, and another pop from this tight consolidation could send it up and away.
Beware of the low volume.
Reward:risk is quite good...assuming we can get a similar rally to what has happened prior.
Could also use a trailing stop loss, such ATR Stops.
Disclosure: no position yet, but on further strength will likely get long if volume is adequate.
Pulled back from a strong trend.
Has popped out of the pullback, and another pop from this tight consolidation could send it up and away.
Beware of the low volume.
Reward:risk is quite good...assuming we can get a similar rally to what has happened prior.
Could also use a trailing stop loss, such ATR Stops.
Disclosure: no position yet, but on further strength will likely get long if volume is adequate.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
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.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
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.