Possible breakout of multi-day channel as seen on 15m chart. Will look to get long before breakout with tight stops.
Long entry around 6.93 with support around 6.90. If stop is triggered, likely opportunity to enter at lower price.
Long entry around 6.61 with support around 6.58.
Price targets at 7.45, 7.65, and 7.90.
Information contained herein is not intended to be a source of investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
Long entry around 6.93 with support around 6.90. If stop is triggered, likely opportunity to enter at lower price.
Long entry around 6.61 with support around 6.58.
Price targets at 7.45, 7.65, and 7.90.
Information contained herein is not intended to be a source of investment advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
Comment:
Did not open a position due to news headlines citing possible lawsuit by States against Sprint T-Mobile merger. Will monitor price action for possible long entry at 6.60.