Could see a bounce from this channel support level.
Oversold on Stochastic. The past 3 times Stochastic has come off of oversold it has proven a good long trade (as shown by the blue vertical lines).
Still has strong fundamentals for the time being, going into earnings in a couple weeks.
Stop at $120, Target Profit at $132 means Risk/Reward of 1:3
Thoughts?
Oversold on Stochastic. The past 3 times Stochastic has come off of oversold it has proven a good long trade (as shown by the blue vertical lines).
Still has strong fundamentals for the time being, going into earnings in a couple weeks.
Stop at $120, Target Profit at $132 means Risk/Reward of 1:3
Thoughts?