Axiscades - Pivot
The stock could be pivoting/consolidating after the sharp move it has made already. The company reported good numbers and could continue to report the same.
watch for the pivot breakout above 303..the stock could make a new high post that.
Stoploss for the trade would be 275..
Another option could be if it first falls to around 275 and bounces between 275 and 266 that would make an even more perfect buy with a 5% stoploss. (this would be the ideal trade)
watch for the pivot breakout above 303..the stock could make a new high post that.
Stoploss for the trade would be 275..
Another option could be if it first falls to around 275 and bounces between 275 and 266 that would make an even more perfect buy with a 5% stoploss. (this would be the ideal trade)
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