I see a low risk entry for MY today. It did pierce its 150 day MA on the daily but I am looking at the stop being set at 1.54 with stock at 1.57 today so pretty low risk.
(2013-07-31, 03:17 PM)isatrader Wrote: CHK came up in the Daily Breakouts and breakdowns thread last night here: http://stageanalysis.net/forum/showthrea...97#pid1197 and is continuing it's new Stage 2A breakout in the early trade today.
The trader stop loss would go under the most recent swing low which was 22.09 and the whole number - so under 22, which would give a trader stop loss distance of around 2x ATR(200) which is good for a breakout entry. Attached is the charts.
isa what about the volume on this one? i don't see much of anything there