Strong name that had a deep pullback from the extension. Down about 15% from highs right into the weekly 20sma. Looking to scoop weakness with risk against Friday’s lows. 154.50-155 is the area I’m interested in. This has a lot of room to move back up if we are catching the turn here. I think 160 is possible the same day and 165-168 within a week or 2. Remember,...
Honestly would like this to get higher and look more extreme, but you have to look at historically how this name has acted every time it’s pulled away from the 20d in this fashion. Will watch for intraday lower highs to show signs of weakness and the ability to have defined risk. If it can somehow extend further, I will be stalking for the same thing. Always be...
