TRVN: Trend Play
This stock popped up on my stock screener the other day.
I wanted to document this trade in case it ends up going well.
What I'm seeing here on the daily is a break above it's 100 then 200 MA. Now we are in this consolidation period with a little coiling action happening within the triangle I've drawn.
It's clear price is going to break in an explosive way whether that's up or down.
I have a stop limit placed at $1.68 for a break out to the upside.
I will move my stop loss up as price advances to lock in gains.
Check out Assetguild.com for more detailed analysis and blog content.
I wanted to document this trade in case it ends up going well.
What I'm seeing here on the daily is a break above it's 100 then 200 MA. Now we are in this consolidation period with a little coiling action happening within the triangle I've drawn.
It's clear price is going to break in an explosive way whether that's up or down.
I have a stop limit placed at $1.68 for a break out to the upside.
I will move my stop loss up as price advances to lock in gains.
Check out Assetguild.com for more detailed analysis and blog content.
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