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Thursday, January 08, 2015
Chart of the day: VA
One of my favorite swing trade setups is the breakout-pullback setup. Recent IPO Virgin America broke out over it's 5 week range and has now pulled back to the old high. This high converges with the new 20 day moving average, offering two levels of support. Entry in the $38-40 range, with a stop under that range offers a low risk, high reward setup.
If you like this article, follow me on twitter
If you like this article, follow me on twitter
Well described everything in above chart shared by you. Certainly, It is great way of getting overall detail and also we can compare things easily.
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