Cup and Handle/Ascending Wedge/OOPs
HD fell out of rising wedge, so to me it is becoming safer to trade. I like this one because you can swing trade it plus it is a good keeper as well
Low short volume and a well loved company.
Handle low is at 236/is where you should in reality place your stop but sometimes, especially in a market such as this, can be a good starting point to buy the stock. I am posting this as I look at it because the true breakout was at 246(ish) But due to irrational exuberance causing a rising wedge..Poof..it fell out.Rising wedges can mess with supply and demand at times so I am always a bit wary of them
Target 1: 288
Target 2: 313 to 332 Then I will play it by ear.
Stop should be under handle low which is 236 but I would place my stop under 232 at this point. Things are always changing!
We all have our own likes and dislikes so do your research and be safe (o:
Low short volume and a well loved company.
Handle low is at 236/is where you should in reality place your stop but sometimes, especially in a market such as this, can be a good starting point to buy the stock. I am posting this as I look at it because the true breakout was at 246(ish) But due to irrational exuberance causing a rising wedge..Poof..it fell out.Rising wedges can mess with supply and demand at times so I am always a bit wary of them
Target 1: 288
Target 2: 313 to 332 Then I will play it by ear.
Stop should be under handle low which is 236 but I would place my stop under 232 at this point. Things are always changing!
We all have our own likes and dislikes so do your research and be safe (o:
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