MRCY Potential Long Trade Near Bottom Of Range in Strong Uptrend
Nice small consolidation breakout at bottom of range (pullback) following a false breakout out the bottom.
Target is an estimate. On these high flying stocks, prefer to use the trailing stop loss. ATR Stops work well. If price closes below the indicator line, move stop loss up to just below that day low.
Target is an estimate. On these high flying stocks, prefer to use the trailing stop loss. ATR Stops work well. If price closes below the indicator line, move stop loss up to just below that day low.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/