I am keeping an eye on this one.
I want the stock to jump a few hoops first.
I want it in the "X" area, above $46 on a closing basis, It's in a chop zone right now trapped under resistance and I won't buy it where it is. Not sure about you but front running never really worked for me. I end up being the "lunch" usually. Got a bit tired of it so I now let the stocks do some work first.
Once we have a bit of action above $46, then I will look to put my stop in the upper tier of the yellow rectangle under the POC- the thick red line that goes across the whole chart.
I want the stock to jump a few hoops first.
I want it in the "X" area, above $46 on a closing basis, It's in a chop zone right now trapped under resistance and I won't buy it where it is. Not sure about you but front running never really worked for me. I end up being the "lunch" usually. Got a bit tired of it so I now let the stocks do some work first.
Once we have a bit of action above $46, then I will look to put my stop in the upper tier of the yellow rectangle under the POC- the thick red line that goes across the whole chart.