Swing Reversal Setup in COT
COT is forming a swing reversal setup off double-top resistance at 10.60. Bears are defending prices at 10.50, with targets at 9.82 and 9.60.
PB ADR Scan: BRCD
The PB ADR Narrow Range scan brought this opportunity to my eye. BRCD has traded just 51% (.39) of its average 4-day range of .76, which implies significant expansion could be ahead. Price is sitting on support at 10.80. Bulls want to defend 10.80 for a return to 11.90 and 12.90. Failure to hold 10.80 opens up a move into 8.90 – 9.00.