Just a clarification, isn't this a double top which means bearish in short term?
shaqqs
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@smghasan7, your also right. just follow ur system. for me based on the rsi break out its a buy, again its based on individual style.
stocksinboxx
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RESISTANCE AT 245
shaqqs
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@stocksinboxx, in your context ur right but based on the momentum the price is backed with i feel the resistance can be stop loss once the price cross 245. Which i feel it will.
stocksinboxx
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@shaqqs, That was the point i was trying to make my friend. one can look to re-enter the stock on break of the resistance zone or see how it reacts to the 20 DMA and enter at lower levels with a stop below 220 .