$WOOF Relative Strength coming out of base
Updated
I've been long WOOF from previous post, and added to position today as now WOOF is coming out of a rounded base and closing above the 30 week MA (orange line).
Now, so long as WOOF closes above 30 week MA, I'm long and will add.
What I'd like to see is the 10 week MA (blue line) cross and for price action to sustain above to new highs.
22.8 and 25 zone are key resistance points and will be important to see how price reacts at these levels.
Fundamentally EPS have seen continued growth.
Also Frisco Trades comes from my frenchie Frisco, so I'm biased bullish on anything pet related :)
Cheers
Now, so long as WOOF closes above 30 week MA, I'm long and will add.
What I'd like to see is the 10 week MA (blue line) cross and for price action to sustain above to new highs.
22.8 and 25 zone are key resistance points and will be important to see how price reacts at these levels.
Fundamentally EPS have seen continued growth.
Also Frisco Trades comes from my frenchie Frisco, so I'm biased bullish on anything pet related :)
Cheers
Comment
May 22 Puts sweeping at the bid, implying more upside
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