Notice how the stock remains above its 200-day, -week and -month simple moving averages, acting as major support.
Above 27.00 supports a bullish trend direction.
Increase long exposure for a break above 28.00.
The upside target is set at 31.00 (upper range of the Bollinger bands).
Stop-loss set at 25.00. Negate the trade for a break below this level.
Time horizon for the trade idea is over the next couple of weeks to months.
Above 27.00 supports a bullish trend direction.
Increase long exposure for a break above 28.00.
The upside target is set at 31.00 (upper range of the Bollinger bands).
Stop-loss set at 25.00. Negate the trade for a break below this level.
Time horizon for the trade idea is over the next couple of weeks to months.