darvas box breakout on UFO?
I like this play as a long term hold and seems to have broken the 27.00 range. Looks like a darvas box breakout on low volume. I would expect a retest of 27.00 as a cool off of the current run, then moving higher again. slightly overbought, but i wouldn't expect it to make a full correction. 27.00 has now become strong support. I would enter at 27.00 and set a 1% SL.
STOCH RSI and RSI are overbought
At top of bollinger band levels
Darvas box breakout in play
STOCH RSI and RSI are overbought
At top of bollinger band levels
Darvas box breakout in play
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