Looks like a decent buying opportunity is getting closer here. Could be support at the gap up price/50MA.
That depends on what your intentions are. Long-term hold? Swing trade? Everyone's trading style is different. My style is to usually wait for a pullback and play a bounce off support of some sort. This is not the kind of setup I look for personally when trading a stock. I would probably be looking for something more like $27/share before I considered getting in. Again though, other people trade much different, have different targets per trade, trade different time frames, etc. It's obviously still got room to run if it didn't already exhaust the bulls.
I'm looking to get back in for the next longer-term mark-up. There were 2 good short-term opportunities that I missed where supply dried up. Mid term though, note that there was supply that came into this market driving the price down from 36.50 to near-26, and note how many bars it took to take back that last supply bar, and note that this latest up-wave volume is tepid compared to the down-wave volume. Recently, the run-up to the test of the top of the last supply bar at 31.85 ran out of demand. So, I'm thinking it needs to build some more short-term cause (consolidate) before re-attempting a break of 31.85. So, unless supply re-appears I'm thinking of getting in somewhere between 31.85 and 28.58.
Didn't quite get there after missing it in early April (not watching closely enough). Just have to watch a bit longer I suppose and see if it gets there, or new obvious support forms.
Looks like the supply for sale at 28.50 was exhausted on the retest (too busy with work and missed that) and now needs to get over $32. Missing 4 days of volume on Tradingview. Are they throttling my free service or are you paying customers seeing the same thing? I'm seeing missing volume on many other issues too, and not inclined to pay for that kind of service.
