Inside Day
Today’s price bar was an inside bar. The high and low for today’s trading range was inside of yesterday’s range.
Inside day’s are often signs of indecision with the current trend (in this case up) and typically provide a low risk entry in either direction.
Note that a few of the price bar’s near the recent swing low around $100 were inside bars and did provide a low risk way to enter the stock to the upside.
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