Right now this is purely based on momentum. Technical analysis says this stock is trending bullish because of the MACD and there is enough volitality to push it higher.
Earnings paint a different picture though, so I’m not basing my trade on that. This is momentum at its best. I’m expecting a $6-7 exit point.
Not all trades have to be long term, but you should have a reason for every single trade you do. My recent trades in Apple and WFC all had an explanation for entry and exit and this is something you want to keep in mind with any investment.
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