MODINE MANUFACTURING CO (MOD) - Trend Continuation
Market structure: Uptrend, Price respecting 50MA, 5 consecutive positive earning.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Trend continuation candlestick pattern: Price have just break and close above resistance at 17.60.
Will enter on the next day open
Stop loss: 1 ATR below recent swing low at 14.70
Take profit: will trail accordingly
Disclaimer: Below simple trading idea is just for sharing, please do your own due diligence and apply risk management.
Note
price hit stop lossTrade closed: stop reached
Always trade with the Trend, Trend is your friend until it bend
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.
Always trade with the Trend, Trend is your friend until it bend
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.