Strong SupportBased on a few supports, and a weak resistance. Really good agreement on Price on this day. May drift and may rise to test the Kumo, or drop. small position size and a wider stop and let it play out
PSD trade ideas
Watching for Upside Break in PSD.TO (Canada)Coming out of a rounded bottom.
Watching for further upside.
Consolidating recently. Watch for breakout above consolidation, or buy during consolidation.
Extended consolidation often have a false break out the bottom before
moving higher.
Be prepared that...if false breakout occurs, can also be used as entry signal to get long.
Can use target or ATR Stop as an exit--if closes below ATR line, move stop loss to a couple cents below the low of that day.
