Upward momentum has stalled.
Would need to see a daily close above $20, on strong volume in order to trigger a long. Been stalled a bit too long to buy near support. Momentum has been drained and would need to see it pick up again before getting interested. But one to keep on the radar.
Stop loss below $18 in that case.
Targets estimated at $24 and $26.
ATR Stop indicator can also be used as a trailing stop loss.
Would need to see a daily close above $20, on strong volume in order to trigger a long. Been stalled a bit too long to buy near support. Momentum has been drained and would need to see it pick up again before getting interested. But one to keep on the radar.
Stop loss below $18 in that case.
Targets estimated at $24 and $26.
ATR Stop indicator can also be used as a trailing stop loss.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
