just an fyi that the SHW active short trade reports in the morning. although i did state in the previous post that i would set my stop on a break above the recent highs, i am going to pull that stop for tomorrow to avoid it being run on any possible post-earnings noise. my plan is to reinstate the stop on friday morning as this one still looks ripe for a nice pullback and an earnings induced blow-off top would only help strengthen that case.
i currently favor T2 but that can all change depending on how the stock trades following the earnings release. although the stock is now trading slightly below the ascending channel, i’ve decided to hold off on adding to the position until after earnings. my apologies for not stating that earlier although i do continually encourage every trader to be aware of when their positions are scheduled to release their earnings report, especially now that we are in the thick or earnings season. original and updated daily charts below:
