- This stock is on our watchlist but no entry yet! - We can see two good upward waves where the bulls are pushing the stock higher (Blue arrows) - We can see a total of 6 bullish pin bars (green arrows) where the Bulls are trying to push the price over the 200 day moving average - We also see an inside bar formation (Two white lines) - The only blocker is the resistance from the 200 day moving average but today this has been breached - Amateurs would dive straight in now as there are a lot of bullish indicators. - We will wait for the stock to close above the 200 day moving average and find support before we enter. - Then and only then do we risk our money, remember to always set the plan and stick to it! - If the stock can beat the previous high and find support we will add more to the LONG position.
Yorum
⋅
Patience pays off!!
The team have now entered the trade and will be looking to add if price re tests the 820 - 823 area.
Yorum
⋅
- We have seen price find support above the 200 day MA - Last week we also saw a multiple inside bar/Bullish pin bar combo that was broken to the upside this morning. - This trade is going to plan and due to the additional bullish signals listed above we have added more to the long today.