I bought the breakout as the stock moved above its consolidation range, but it was disappointing to see it give up some gains and not close at the day’s high.
👍 Positives
- Price is above the 10, 20, 50, and 200 moving averages
- It breaks the key resistance with volume
- MACD getting strength
⚠️ Negatives
- MACD is in negative zone
- Did not close near today’s high
🎯 Trade Plan
- Stop loss: Intraday low
- Target: $170.83
