I. Analysis
1. Uptrend as evident from series of hh/hl + 20MA (strong uptrend)
2. Price has been leaning against 20MA which can be deemed to be working as a value zone
3. Strong bullish pinbar just formed providing us with an entry
Popular stock in a very strong uptrend. Finally we have a new entry to ride this trend.
II. Trade
1. Enter at the next candle
2. SL 1 ATR below 20MA - trace it
3. TP Assertive cross and hold below 20 MA // let trailing sl be triggered
Plsd to hear yr comments.
Cheers
Ruben
1. Uptrend as evident from series of hh/hl + 20MA (strong uptrend)
2. Price has been leaning against 20MA which can be deemed to be working as a value zone
3. Strong bullish pinbar just formed providing us with an entry
Popular stock in a very strong uptrend. Finally we have a new entry to ride this trend.
II. Trade
1. Enter at the next candle
2. SL 1 ATR below 20MA - trace it
3. TP Assertive cross and hold below 20 MA // let trailing sl be triggered
Plsd to hear yr comments.
Cheers
Ruben