I entered MT this morning, buying 300 shares at $71.48. Stepping back from the trade, it looks like I may have entered a bit early.
The last time MT had a similar breakout with a long price bar (early June), price action immediately pulled back to the breakout point before resuming the uptrend. The same thing could happen again.
I’ve set my stop under the breakout point at $68 and may purchase more shares on a pullback.
I also bought 200 shares of BCSI at $85.53.