Heading north
- Nice solid break of resistance (however, a two candle break would be more confirmation).
- If can grab an entry at .125, a SL at .115 is low risk.
- If entered I cant really see the next solid resistance so it would be a momentum trade (increase the SL higher and higher until a change of trend direction).
- Positive market reaction to the annual report.
- Good order book.
- Nice 4 week build of OBV.
- Energy sector doing well.
- If can grab an entry at .125, a SL at .115 is low risk.
- If entered I cant really see the next solid resistance so it would be a momentum trade (increase the SL higher and higher until a change of trend direction).
- Positive market reaction to the annual report.
- Good order book.
- Nice 4 week build of OBV.
- Energy sector doing well.
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