- Breakout of long term down trend - ABC confirmation and breakout the last high - Could be rejected by last support and pull back to 150-155 - If it is supported by 200 day MA and up trend again, we may see price target of $200
My trade plan: 1) Wait for the pull back if any 2) Watch closely at 200MA, if any bullish signal 3) Get in between $150-155 if effectively supported by 200MA 4) Setup stop loss at $135 5) Initial position $2000-$3000