CAL gapped up on the open on high volume and then carved out a shallow u shaped base. I went long as soon as resistance at $35.08 was taken out. My target was a gap fill at $36.00. It was easily reached over the next four bars.
TWLL was highlighted in last night's Technical Trade Ideas as a potential breakout candidate. Today it opened strong, but shortly after it pulled back to its rising 10 period EMA in an orderly fashion. I took a low risk entry as price observed the EMA as support. I miscalculated my 50% Fibonacci extension at $18.25 and that's where I took my exit.
CAL gapped up on the open on high volume and then carved out a shallow u shaped base. I went long as soon as resistance at $35.08 was taken out. My target was a gap fill at $36.00. It was easily reached over the next four bars.
TWLL was highlighted in last night's Technical Trade Ideas as a potential breakout candidate. Today it opened strong, but shortly after it pulled back to its rising 10 period EMA in an orderly fashion. I took a low risk entry as price observed the EMA as support. I miscalculated my 50% Fibonacci extension at $18.25 and that's where I took my exit.
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