Cup and Handle Formation for a Possible Long Setup

2020年4月27日

What I see...
+ Cup & Handle
+ Significant accumulation since early April
+ Rising MACD
+ Very strong weekly chart with multiple bullish break-out signals

+/- Earnings ahead!

- Multiple gap-ups in the past few days
- -1d high breached Cup/Handle high but retraced
- Price approaching falling 50MA = potential resistance
- Lots of upper shadows throughout past week


Game Plan...
Long entry above -1d high
Stop at -2d low
Target at Low back in early March to fill the gap

2020年4月28日

註釋

+ Day-low confirms support level
+ Low vol. day
- gap down and closed the day in the red

:: keeping the set-up for now; today's pull back may not be significant as vol. was low

2020年4月29日

註釋

+ Low vol. day
+ a blue bar on a down day

:: Keeping the setup

2020年4月30日

交易進行

+Trade trigger today
+A very healthy gain!

2020年5月4日

註釋

Moved Stop to Break-even.

2020年5月5日

交易結束：達到停損點

Stopped out today at BE.