Bata - trendline breakout and retest
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Bata broke out of the highlighted trendline and had a sharp ramp
Decline last few days saw a bounce off the same trendline
Next week if we get close to the trendline worth trying some narrow SL longs around the trendline, 1745-50
Decline last few days saw a bounce off the same trendline
Next week if we get close to the trendline worth trying some narrow SL longs around the trendline, 1745-50
Trade fermée: cible de profit atteinte
Stock rallied from the level initiated, though it did not exactly go to the trendline but did hit nearby levels 1755 and 1760 twice. Enough for now. I would take it off and wait for a dip to see if we get better levelsNote
Stock corrected by about 50 bucks post exit. Reentry can be looked at a=in the 1806-1819 zone (50-61.8% retracement of prior upmove). Shallow trades but that is what the mkt is
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