ruben_rodrigues

SFM - Uptrend + Price Rejection at 20MA (4x)

Long
NASDAQ:SFM   Sprouts Farmers Market, Inc.
I. Analysis
1. Stock in a strong uptrend being consistently supported by the 20MA - trend identified
2. 20 MA tested 4x and held - value zone identified
3. Price rejection candles at the latest 20MA test

We are trading with the trend, from a value zone and the entry trigger is not as clean as it should, yet I can identify two bullish pinbar candles at teh avle area

II. Trade
1. Enter net candle
2. SL 1 ATR below 20MA
3. TP when price crosses and holds below 20MA

Plsd to hear yr comments

Cheers `
Ruben
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