Trade Setup: MTL

I bought 200 shares of MTL at $53.84.

Setup: Trend Pullback. Nice trend. OBV and volume pattern look good. Stock has more accumulation than distribution days. RSI bouncing. Stoch turning up at higher high.

Risk: Initial target is 60. Stop is either under yesterdays confirmaion bar or the 50 day MA-set at $49.85.

Concerns: Market.


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