Stock has been beat up. This could
Be a setup to start nibbling at this.
Breakout of 22.62 area was bullish breakout. We seem to be inside a bullish pennant here and around 23.40 is support of this pennant
Personally I am adding to this position here around 23-23.50 range looking for 32 potentially
Today is a pull back on smaller timeframe but according to pattern we may see a bullish move on December 4th expected. Timing is hard to do but if move goes upside this could push us to 26 to start.
If we lose 22.50 and hold below for a day or 2 then this will be canceled
Be a setup to start nibbling at this.
Breakout of 22.62 area was bullish breakout. We seem to be inside a bullish pennant here and around 23.40 is support of this pennant
Personally I am adding to this position here around 23-23.50 range looking for 32 potentially
Today is a pull back on smaller timeframe but according to pattern we may see a bullish move on December 4th expected. Timing is hard to do but if move goes upside this could push us to 26 to start.
If we lose 22.50 and hold below for a day or 2 then this will be canceled
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