- Breakout of long term down trend
- ABC confirmation and breakout the last high
- Could be rejected by last support and pull back to 150-155
- If it is supported by 200 day MA and up trend again, we may see price target of $200
My trade plan:
1) Wait for the pull back if any
2) Watch closely at 200MA, if any bullish signal
3) Get in between $150-155 if effectively supported by 200MA
4) Setup stop loss at $135
5) Initial position $2000-$3000
- ABC confirmation and breakout the last high
- Could be rejected by last support and pull back to 150-155
- If it is supported by 200 day MA and up trend again, we may see price target of $200
My trade plan:
1) Wait for the pull back if any
2) Watch closely at 200MA, if any bullish signal
3) Get in between $150-155 if effectively supported by 200MA
4) Setup stop loss at $135
5) Initial position $2000-$3000