$OLLI Is This Breakout Real?

$OLLI looks like it has broken out with both higher low and a higher high. This may be entering an early stage 2 which is where you want to be. I am already long this position and will be adding if we can make yet another higher high then another higher low. TBD. See chart for analysis. Ideas, not investing / trading advice. If you make a trade in this, make it your own according to your rules.

Comentário:

"will be adding if we can make yet another higher high then another higher low" should read if it goes on to make yet another higher LOW. (It's already made a higher high and I don't want the next pullback to end up going lower than the last low.)

Trade ativo:

6/16 Opened this position starting with a 1/2 size @ 58.30. I added today 6/21 @ 59.43 to bring it up to a full position. I'll give this some room with a stop just under what is now an area of support(?) which seems to be right at the 8 ema too. Let's see what happens.

Comentário:

6/21 Closed entire position @ 59.80 as it started to weakening into the last hour of trading. I'll be looking to get back in, just don't trust this market.