Daily: 20DMA bounce at $48
Intraday: Base b/o
Entry: $46.98
Stop: $46.80
1st Target: $47.50
Gain: $0
Wanted to play this stock for a 20DMA bounce but it tanked on opening. Dip got bought and I took long position when it had an intraday base b/o and moved above levels of support. Very little movement afterwards and I sold for zero gain/loss.
Execution detail:
46 was the support on the daily to look for bounce.
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i have the 20dma at 48 dollars so u cant play the bounce there. this stock is a tweener right under reistance but too far from support. not a good stock to get into on daily