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scottg1018
Jul 10, 2019 12:12 PM

Bear Trend Reversal - ACRX Long

Description

ACRX - Long

Seems a bit range bound and put in a nice bottom on the long trend line. Blew by the 8EMA and 20SMA and closed over the 50SMA after a blip below 30RSI at the lower part of the range. Big risk trade given the low price and rangy price action. SL set at 1.5xATR which is just below the long-term bottom of the range.

ACRX - 500 Shares
Entry - $2.71
SL - $2.17
TP - $3.81
Net Risk - $270

(Note: as of this post looks like we're well up in pre-market)
Comments
Ellionator
Keep em coming bro. This one looking good.
transparent-fx
hey love to see that we all share our views and learn from each other so thanks for sharing :
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