Take a break and what's next?
- Huge volume and price change to breakout last resistance
- Stopped at 37 which is second resistance, coincidentally was the last stock offer price by the company ($37)
- If breakout 37 again with momentum and strength, maybe a setup to run to 46
- Or consolidate between 30-37 until next catalyst
- My suggestion is to wait for effective breakout to get in
- Setup your stop loss and trade safe
- Stopped at 37 which is second resistance, coincidentally was the last stock offer price by the company ($37)
- If breakout 37 again with momentum and strength, maybe a setup to run to 46
- Or consolidate between 30-37 until next catalyst
- My suggestion is to wait for effective breakout to get in
- Setup your stop loss and trade safe
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.