Reasons for trade 1.Lower end of channel 2.Previous resistance may act as support. 3.50 EMA that the stock usually retraces 4.Stockasticks oversold. R/R is almost 3-1 aim for 119 with SL at 98.5 will adjust accordingly with the open.Price may move lower to 100-101 but its still ok to open here for me.No holding through earnings.
Trade active
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Comment
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forgot to point out also that this level was the lowest Bollinger as well as 61.8 fibbo.
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price moving lower still expect a test of 99-100 and tland then up
Trade closed: stop reached
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Got stopped out with a small gap.Well thats trading.Still i think this will be a good long soon but from here we wait for the market to correct l.