Setup: Breakout pullback, retest of support ($17.5)
Why I entered: There has been strong accumulation since June. Price has broken out from an 8-mth bottom and retaken the huge gap made last October. OBV remains strong even amidst the pull back since mid-Aug. Stochastics is now oversold along with a retest of the gap high and has just made a cross over. I view this as a buy signal. But I have made a mistake by not waiting until market close. I entered in the morning as I believed it would surge quickly if I didn't action quickly. Had I waited until the close I would not have entered it as it closed below 9 ema which was not as bullish as I have wished. Hopefully this will not be a vital one given the strong accumulation.
TM (Trade management): Stop loss placed around support @ $17.5, target at recent high $22.8, reward to risk around 2.1 which is very nice indeed
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