After the price rejection @ ~17.70 and the pullback, price continues to respect the 50MA as it does since late July.
If it holds for the rest of the session today with all this mess around the markets, we have increased chances of this bull trend to continue.
Following my long positions at ~$16.90 and profit taking at $19.74 (see previous idea below), I oppened more long positions today at ~$17.85-17.90.
The plan is to hold up to ~$20.40 depending of course on how and IF this level is reached.
Good luck traders.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attacting comments and perhaps become better at trading stocks.
If it holds for the rest of the session today with all this mess around the markets, we have increased chances of this bull trend to continue.
Following my long positions at ~$16.90 and profit taking at $19.74 (see previous idea below), I oppened more long positions today at ~$17.85-17.90.
The plan is to hold up to ~$20.40 depending of course on how and IF this level is reached.
Good luck traders.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attacting comments and perhaps become better at trading stocks.
