I was originally going to use the short week to kick off a vacation that would last most of June, but due to the passing of my family member I have had to rearrange some plans. I'll be here for a few weeks, and with any luck will be able to take my vacation at the end of June/beginning of July.
Last Friday I talked about the quality of a pullback in relation to setups in BRCM, MCP, and MTL. Below are the charts so you can judge for yourself. In future postings I will try to provide more analysis on this topic, but if you study the charts I think the differences are apparent.
Several readers traded BRCM and stated it didn't work out. I offered the two setups below in comparison.
Entry was a break of the ninth bar's high.
Entry was a break of the fifth bar's high.
Trading 27-April-2016 (+ $66)
22 hours ago