Take a break and what's next?
- Huge volume and price change to breakout last resistance
- Stopped at 37 which is second resistance, coincidentally was the last stock offer price by the company ($37)
- If breakout 37 again with momentum and strength, maybe a setup to run to 46
- Or consolidate between 30-37 until next catalyst
- My suggestion is to wait for effective breakout to get in
- Setup your stop loss and trade safe
- Stopped at 37 which is second resistance, coincidentally was the last stock offer price by the company ($37)
- If breakout 37 again with momentum and strength, maybe a setup to run to 46
- Or consolidate between 30-37 until next catalyst
- My suggestion is to wait for effective breakout to get in
- Setup your stop loss and trade safe
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