* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Built an 11 month base between $196 and $227.80
* After breaking out it started consolidating in a very tight range creating a base on base pattern
* Consolidated for about a month and now breaking out with higher than average volume
Trade Idea:
* If you can handle a little volatility, now's a great time to enter as the price is still close to the broken range and is picking up on volume
* If you're looking for a slight discount you can look for buying opportunities near the $243.91 area
* Looking at the chart, it wouldn't surprise me if it does come back to retest the $243.91 area before heading higher.
Caution:
* A daily close below $238.83 would negate the idea
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Built an 11 month base between $196 and $227.80
* After breaking out it started consolidating in a very tight range creating a base on base pattern
* Consolidated for about a month and now breaking out with higher than average volume
Trade Idea:
* If you can handle a little volatility, now's a great time to enter as the price is still close to the broken range and is picking up on volume
* If you're looking for a slight discount you can look for buying opportunities near the $243.91 area
* Looking at the chart, it wouldn't surprise me if it does come back to retest the $243.91 area before heading higher.
Caution:
* A daily close below $238.83 would negate the idea
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.