Looking at the daily chart I noticed POT was approaching overhead resistance at its 50-EMA after bouncing off of the lower keltner channel band. The previous two sessions met with resistance via the 20-EMA, while this morning saw a substantial gap up (+1.75%) right into the 50-ema.
This setup had a couple of other things going for it as well, namely my resistance pivot for today was $91.92 (close enough!), also the 30-min chart showed off overhead resistance at that $92 area. Notice also the higher price high and lower momentum high.
The 5-min chart set up a triangle right into the $92 price. I covered at the 20EMA on the 5-min chart.
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