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SMTC gapped down with volume leaving behind bottoming tail and narrow range bars trending back up to the 20 SMA. Looking for a gap close.
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This is a a buy setup that already triggered but i jumped on the breakout above the narrow range red bar. This is called the 3 bar play. 200SMA (red line) is support and igniting from a narrow state with the 20 sma right below. Entry 102.95 Stop loss: 101.89 Traget 107
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This is a breakout play I took today. Daily transition A breakout. Entry Price: 98.47 Stop loss: $ 89.81 Target one around $114 or 200 SMA.
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