$VTR Broke Out June 29thNYSE:VTR broke out with a bullish engulfing candle on June 29. I like that breakout because of the engulfing candle, it took back the 40-week MA (White), it broke the downtrend line. NYSE:VTR was on my radar, but I missed the breakout on the 29th. I did start a ¼ sized position on the 30th on the pullback (in at 47.43). I added again today at $48.08 for a ½ size trade. This may be a little stretched for a new position here, but you may want to put this on your watchlist for any pullback / consolation entry, assuming it aligns with your trading plan. (My idea, your money). If you do wait for a pullback or a consolidation sideways, which may or may not happen, make sure you buy when it starts to move back up. I’ll look to build this to a full position on pullback or consolidation as mentioned. I don’t usually set targets, but I think this can run back to the $52 area before it hits much resistance. All TBD.
Ideas, not investing / trading advice. Thanks for looking. Constructive feedback welcome.