From yesterday’s Trade Log…
Added ALRM on the pullback, as the chart calls out to me. Still a gap left above the SMA 200, which will be my warning area.
Well, the gap is filled. This is strictly a chart update as I only briefly looked into the company. But once in a while I like to put up nice charts that have not yet run. If all goes well (and of course pending the markets) it would now hold support and eventually resume rallying in the best case, or fail the SMA 200 and SMA 50 in the worst case. That would be my mental stop loss.
If this really is a breakout and trend change the objective would be a new high.
A reminder that chart based NFTRH+ updates are technical trade setup ideas, which may not be revisited as the technical parameters are already noted. These updates are meant as a starting point for your further research if interested. I will not personally buy every item highlighted and will sometimes sell (ref. Trade Log) any item that I do buy below target (assuming I’ve not stopped out or sold for some other reason) as I often do. Also please be aware that I am not a fundamental stock analyst. Due diligence is your responsibility.
