A potential long opportunity on UNFI

1. I'm keeping a close eye on the price as it approaches the upward-sloping blue trend line or the 200 EMA, marked by the white line. These could serve as key technical levels.
   
   
2. My focus is particularly on the LCVD indicator for a spike, which may signal a change in volume dynamics as price hits these levels.
   
   
3. If I observe a spike in LCVD coinciding with the price touching either the blue trend line or the 200 EMA, I'll consider it a good opportunity to go long.
   
   
4. This consideration is based on the confluence of technical signals suggesting a potential upward movement.
   
   
5. Drawing from the ATR, the recent volatility, and the consolidation phase before the price spike on November 22nd, I have some expectations regarding price movements. I anticipate that if we get our "signal," the price could potentially drop as much as 16% lower, which could provide a more favorable entry point for my long position.
   

I'll keep you posted

Commentaire:

It could still be wise to only put half of your normal risk
Put the rest if we were to get a spike in the LCVD

Commentaire:

Trade is back at the line it broke below.
We got a good accumulation in the zone i gave you

Currently up 32% from initial entry.
Additional entries at the discount zone is up 40%