Let’s take a look at one of my longs and one of my shorts I am running inside 12631.
FDO is one of my dollar store longs. I am looking to add to my core starter position with today’s strength, but want to see $70 hold as firm support on intraday pullback. I would also like to see more buy volume come in to support a breakout from the recent consolidation. Overall, the chart remains in an uptrend with rising moving averages.
HD remains a short for me. It is teasing that 20-day moving average, orange line on second chart below, from underneath. Even with today’s market rally, the stock is still struggling to recapture it. Until that changes, I will stay with the short.
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