I still like this but moving it back to my secondary watch. I misjudged that last contraction. I thought it was nice and tight, but it had other plans. Fortunately, the order never filled, but that’s the advantage of buying into strength. If it turns weak, then your order doesn’t fill and that weakness typically breeds more weakness, which is exactly what happened here. I’ll reassess if I see it tighten up again.
Posted in*Watchlist* LKNCY