OldTreeMan
New high on big volume last friday coming out of a healthy consolidation. Price action in this stock looks like its been behaving well. ~6,22 and ~6,55 both look like good stops depending on your risk tolerance. I dont have a target for this stock. Either exit on parabolic rise breaking the top line of bollinger with a decent margin or if it consolidates on a...
Cup n Handle formation with strong fundamentals. Closed above yearly high and nibbling on ATH. The stop at ~374 looks reasonable on the daily chart. If you want to play it save you could wait for it to take out ATH before entering because there is a decent chance this fails and takes out the stop before its ready to go.
Looking for previous resistance to turn into support with a tight SL. I will close the trade if it bounces off of resistance and goes down to ~63,5 . If it goes up through those levels I will re-evaluate my exit.