Strong uptrend, with price recently pulling back. Recent consolidation breakout to upside signaling the next up move could be underway. Decent reward:risk, even using the lower of the two targets. The higher target, or a trailing stop loss, will be used if the price rallies aggressively in the next several sessions. If it is meandering or slow, will get out at the lower target.
Disclosure: long
Disclosure: long
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/
