CAPH34 trade ideas

TrueTraderOfficial

Not a huge volume name, has couple of dollar ATR. MY LEVEL is 50.70; WHY: (from last week's prep). ATR is around $2. 200d and Quarterly Pivot.

TrueTraderOfficial

MY LEVEL: 54.50 WHY: Lines up with Prior low and 126 Day Moving Average

TrueTraderOfficial

$53.50 is what I wrote down. You have the monthly pivot, you can also see the POC (point of control) and 126D SMA. This is a name that closed above the 50D SMA. If market does a pull tomorrow this is a key area which I'll be looking for a possible long.