PolyOne - Long - Swing Trade

27 de fev. de 2016

• Picked this up from the weekly scan ended the week with a NR3 and NR7 combo.
  
• The weekly bar also ended with a hammer-like shape with a slight upper shadow.
  
• The Fib on the Weekly shows the next resistance level at ~$30
  
• Break-out Signal on -2w bar
  
• Prices closed just above fast EMA on the weekly, with the slow EMA hovering around $29 (a bit lower than I would have hoped.)
  
• Overall volume in 2016 has been higher than Q4-15, while prices appear to establishing a 'base' between $23 and $26 during 16'
  
• Bull Flag on the Daily Chart with a NR7 + hammer-like bar on the last day, with support from the rising EMA that has just crossed-over late last week
  
• Volume had been contracting throughout the week, until Friday
  
• However, the Daily NR3+7 combo painted earlier this week did NOT immediately yielded anything!
  
• Long entry above the bull flag pole with Target set just under $30
  

1 de mar. de 2016

Trade ativo

Entered Long today.

4 de mar. de 2016

Trade ativo

Moved Stop to BE.

5 de mar. de 2016

Trade ativo

Moved Stop to 5ema.

12 de mar. de 2016

Trade ativo

Moved Stop to today's Low; Ready to exit.

15 de mar. de 2016

Trade fechado: stop atingido

Closed trade today; Stopped today; +2R