Short (Contrarian)A contrarian approach, Page group has strong fundamentals but my analysis shows that extension is likely to retrace either at 23.6% or at 38.2% Fib levels (where 38.2% also falls within the previous structure support)
Trading Plan:
1. Enter trade at open.
2. Stop loss above the resistance zone with 1xATR
3. 1st Target at 23.6% levels
4. 2nd Target at 38.2% levels.
If there is HHHC above the resistance zone then to cut the losses even if the stop loss is not hit.
Good luck All! May the markets be with you!
