TZOO (TravelZoo) will trigger a long entry on the next break above 5.70.
TZOO daily March 22nd
Following the recent large divergent low on the daily time frame , TZOO has made an impulsive breakout above the primary downtrend line today but a good part of that breakout came on a gap up with the stock briefly piercing the 5.68 resistance on a momentum-fueled overshoot, only to fall right back below that level. Hence, the reason for waiting for the next break above 5.70.
Keep in mind that we have the potential market-moving FOMC rate decision at 2 pm EST today so the stock market, and possibly TZOO, has the potential to move sharply one way or the other in the coming days & weeks, especially considering the current technical posture of the stock market.