The false breakout in this stock is short-term bullish and could push the price toward the top of the bigger channel.
Buying near channel support is preferred in this stock since the long-term trend is up. Gives the option to get out near the top of the range or see if the price breaks out of the range to upside over the longer-term.
Can also use trailing stop loss.
Buying near channel support is preferred in this stock since the long-term trend is up. Gives the option to get out near the top of the range or see if the price breaks out of the range to upside over the longer-term.
Can also use trailing stop loss.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/