No trade yet.
Stock in strong uptrend.
Watching for upside break of small consolidation, and then a break to new highs.
Decent reward to risk of about 2.75:1...Can also use a trailing stop loss.
Target is based on catching the next major thrust only, as the price then tends to consolidate for a while.
Trade only considered if the stock breaks higher.
If price breaks lower, no trade...yet.
Disclosure: Not Trade Yet.
Stock in strong uptrend.
Watching for upside break of small consolidation, and then a break to new highs.
Decent reward to risk of about 2.75:1...Can also use a trailing stop loss.
Target is based on catching the next major thrust only, as the price then tends to consolidate for a while.
Trade only considered if the stock breaks higher.
If price breaks lower, no trade...yet.
Disclosure: Not Trade Yet.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/