PAYC Buy on Break

Feb 19, 2015

This stock is in consolidation, this pattern is a daily pattern triangle. It is building energy and will breakout...which way? I think it will go higher due to earnings/revenue momentum. This always depends on the market in general..but a break above the triangle or the 34.66 mark is a buy...I would look for volume and close above then enter with good risk management of stop below major low or apex area.. ensure risk is only about 3% of portfolio...options can be considered