takemoreprofits

Stochastic divergence at trend line crossing

Long
takemoreprofits Mis à jour   
NYSE:COTV   None
COTV is showing steep stochastic divergence on both the (9,3) and (14,3) oscillators. It has been following a downward channel support line and is about to cross another established trend line. When you find this crossing pattern in the trend lines it can be a very powerful signal. If the price continues up, I expect a quick movement towards into the target area. The upper target can possibly be expanded to 40.10 or even 41.49.

Buy: 35.40
Stop: 34.20
Target: 37.00 - 38.71 (4.52% - 9.35%)

This setup immediately made me think of MO , which took off immediately and was featured in this week's watchlist. Can't wait to see how it plays out.

A big thanks to @NJgolfer on StockTwits.
Trade fermée: ordre d’arrêt atteint
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