Divergence + Reversal Engulfing + Bullish Gap on Daily + >50EMA

27 thg 2, 2017

Looks like APO gapped up today after a bullish divergence helped identify a bottom. This also looks like a bottom because of the star reversal pattern and the bullish engulfing of that spiking candle. The stock also closed above the 50ema on the hourly chart which is a good indication of a bullish move ahead.

This is the setup:
Trigger: 22.37
Stop: 21.96
Target: 23.60
RR-3:1