VCP: 10w 19/4 3c
+ higher lows (but not ascending triangle).
+ Proportional
+ tight consolidation above 21d ema
- below 50dsma
- downward trending RS line below MA
Trade Plan:
Entry: DTL Breakout, starting position.
Risk: ~3%, with stop below $191.88
Add on breakout of current consolidation over 197.81, which is above the 50dsma and can be financed by...
MNDY looks healthy and is possibly setting up.
The setup: 52-week high breakout above $187 pivot
Late Jan, it came above the 200dsma and rode the 21-day ema for about a 25%-30% move then started to drifted back in undercutting the 200dsma for four days in early May. This four day undercut traded on above average daily volume without further progress to the...
