With time correction over, the stock is at a channel bottom and could bounce from here.
First buy above 590 with another above 620.
After the first buy the SL is 550. Ideally i'd like to keep a SL below 540 which is the 200EMA and give the stock enough time to move.
The play is an interesting one..where whoever makes the smart meters they will buy components from them. So it might be a better play than the smart meter players as a proxy.
First buy above 590 with another above 620.
After the first buy the SL is 550. Ideally i'd like to keep a SL below 540 which is the 200EMA and give the stock enough time to move.
The play is an interesting one..where whoever makes the smart meters they will buy components from them. So it might be a better play than the smart meter players as a proxy.