Jun. 5 at 3:09 AM
$MYE – THU: CALLING A BUY SIGNAL (1/3) @
$23.88
3:50 PM – Calling an early BUY SIGNAL on MYE as we head into today’s close. A move above
$24 would provide stronger confirmation; however, today’s price action, combined with nearly double the stock’s normal volume, is showing clear signs of strength. A 1/3 position entry here also offers a price that is more closely aligned with the 10 DMA.
ULTRA Trader’s Tip: Early Entries vs. Confirmed Breakouts
• Early entries can offer a better risk/reward profile by keeping purchases closer to support.
• Breakouts above resistance provide stronger confirmation but often come at a higher price.
• Volume is a key ingredient. Increased volume suggests institutional demand may be entering the stock.
https://buyingbreakouts.com/thu-6-4-mye-calling-a-buy-signal-1-3-23-88/
