Proto Labs, Inc.Long
Proto Labs in Stage 1 ready to launch
Updated
RSI has bottomed, MACD in an uptrend. Poking it's head above 30week MA with earnings on deck. If this stays above 30 week MA and closes week post earnings above 30 week MA this will be entering stage 2 with clear stops below 30 week MA for a great risk reward profile. This stock has been bottoming and forming a base for months.
Trade closed: stop reached
False breakout back below 30 week MA, still in stage 1 and continuing to form a large base. Momentum will continue to build and I don't see this making new lows.
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.