Strong name that had a deep pullback from the extension. Down about 15% from highs right into the weekly 20sma. Looking to scoop weakness with risk against Friday’s lows. 154.50-155 is the area I’m interested in. This has a lot of room to move back up if we are catching the turn here. I think 160 is possible the same day and 165-168 within a week or 2. Remember, this is assuming we ARE catching the turn here. If we lose Friday’s lows then it might want the 200d.
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Chatroom Relay: 09:43am ET - $A just triggered, if you are taking the trade risk will be Friday's low. So size accordingly. (Ricky did not end up taking this one)
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