- Currently the stock is sitting near the 50% retracement level (sweet spot to start buying for a second wave) - Bullish crossover on the 50 & 100 SMA - Bull flag pattern should be coming to and end
Will be watching for 2 scenarios: #1) a bullish breakout above 14.60 #2) bounce off nearest resistance at 13.85
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#2) bounce of nearest support at 13.85 (correction)
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Triggered in for scenario 1 with a breakout from the bull flag Stop at 14.00 : Target 1 near 15.10 : Target 2 near 15.75
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Stock continues to trade sideways I will exit for small loss if 0.5 retracement hits at 14.14 Otherwise hold through the sideways movement for possible bounce.