I've been trading for 5 months. I am by no means an expert so please don't solely go off my advice or my actions. I have been keeping a log for quite some time on Tradingview but i have just now decided to go public. If you can help me at all and have any thoughts on my stock actions please feel free to leave comments.
Bought into AABA at 68.43. It hit a known support line and i believe it is going to stay in the consolidation zone and take a bounce off the support. I have a stop buy at 69.62, right over the 20dayMA, and another one at 71.52, right over a resistance. Have my stop loss set at 67.47 so its less than a dollar loss if it doesnt go my way. Looking to catch a quick turnaround and take quick profits while in the consolidation zone
Bought into AABA at 68.43. It hit a known support line and i believe it is going to stay in the consolidation zone and take a bounce off the support. I have a stop buy at 69.62, right over the 20dayMA, and another one at 71.52, right over a resistance. Have my stop loss set at 67.47 so its less than a dollar loss if it doesnt go my way. Looking to catch a quick turnaround and take quick profits while in the consolidation zone
Comment:
Market taking a hit and so did AABA, had less than a dollar stop loss so not a big deal. Note : dont buy near support lines until i see conviction for a pop