Beautiful rectangle consolidation. 2 ways to play this. Buy daily close above rectangle resistance or buy support after a sign of a bounce taking place. Notice how 200 moving average coming up to converge with rectangle support area. Might head down there in the next few days if the market entered a pull back today. Either play should provide a good bullish opportunity to get in. Volume pattern supporting long side.
Trade active
Seems like we are breaking out today. Must hold the breakout to EOD to confirm.
Trade closed manually
can't get any better. closed with a good winner. not holding over the weekend with this Covid19 stuff all over the place :)
✔ Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM 📈
✔ Follow me on Twitter @taplot - twitter.com/TaPlot ✔ YouTube channel youtube.com/@taplot
Also on:
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.