I don't think this stock is big enough to see the pattern recognition/manipulation we see in other stocks, therefore I'm more inclined to trust a breakout from the triangle you will see below.
We saw a nice run and a pullback which has narrowed the trading range into a consolidation triangle.
Toy can see 3C calling the pullback from the first major run up and now showing a positive divergence in the triangle, which is a little rare to see.
Again the 15 min chart confirms.
Here are a couple of potential stops, one at the trend channel near $6.30 and another around $6.65, depending on how you decide to enter the trade. I'd probably set an alert for breakout of the triangle and see if we can't get a second leg up out of SHZ.
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
No comments:
Post a Comment