52-week/ATH Breakout Strategy
Stock making 52-week/ATH and then it is bound to correct and take support near 20EMA/SMA or worst case at 50EMA/SMA.
The candlesticks are showing the loss in volatility and stock is taking the support. Once the bullish candlestick pattern is observed near the support one can take the position with a stop below 20EMA or previous swing low.
The candlesticks are showing the loss in volatility and stock is taking the support. Once the bullish candlestick pattern is observed near the support one can take the position with a stop below 20EMA or previous swing low.
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