A new week of trading is upon us and it appears the bulls are in full control for now. The windows of bullish and bearish moves seems to be getting smaller, but nevertheless have been coming in waves. With this newest bullish cycle, our trades have taken on a long view of the market, at least until we are proven otherwise.
The stock on watch today is Array (ARRY), which has formed an ascending triangle with a major resistance at $24. A break above should lead to much higher prices for the stock.
For the full chart breakdown and to find out how a trade on this stock could be made, watch my analysis below!
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Good Luck With Your Trading!
Christian Tharp, CMT
This post was originally published on Wealthpop