Both broke well defined OBV uptrends. Now snapping back. But im waiting to put on new positions until i know for sure we will just continue the uptrend and it not just be some snap back into resistance. Will need new buying pressure to overcome the levls lost. Im fine with paying a price premium for a higher quality set up and not just to be trapped into a...
Looks like its breaking out of a 133 day range. Breaker looks decent. Decent 4 plus R trade to be had here.
Bottom of range test. Looking for a reaction of the bottom range. Will let us know the set up for the next week or so.
If the rotation has any staying power whatsoever. (time has proven that it usually doesn't) but MCD could be a continued play. Not a momentum name but the set up is there. Cup formed handle is getting there. Normally i stick to S/R levls only but hard to ignore decent more. Could be a nice trade have to take what the market gives you.