Good RS day and RS rating. Volume has dried up on reversal days and we closed in the top 75%+ of the overall trading range for the day. This could be a start of a strong move upward as this is currently moving sideway but has made higher lows and higher highs. The 65MA is starting to curl upwards and would like the stock to hold the 23EMA.
Entry Point: on breakout on higher than average volume around $695 area
Stop Loss: I would hold this near the 23EMA as if this stock break well below that line then the thesis is broken.
Entry Point: on breakout on higher than average volume around $695 area
Stop Loss: I would hold this near the 23EMA as if this stock break well below that line then the thesis is broken.