NASDAQ:OLED Nice bull flag and has been showing strength since the slight market selloff that wiped traders out on the 21st. barerly even budged. even after earnings it held that old 67.25 support level showing relative strength, next day buyers showed no mercy. Then took a breather now that the setup is there looking to go for another 1. Entry- 86.20 Target- 93+ Stop- 80.12
I like the analysis, I'm wondering how you picked the entry of 86.20 and not when it passed the 21 day moving average? I'm not saying you are wrong, I just don't know how you picked it. I'm trying to learn :)
Tigg
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@networktrader, because that's the ideal breakout point of the top of the flag(resistance level). Indicators shouldn't be used as a reason for entering a trade especially MA's because it's delayed. But as a layer of probability instead. If you're interested in learning how to trade like a pro correctly shoot me a message.