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jason_rpprt
Nov 1, 2023 10:43 AM

Potential Long on ACVA Long

ACV Auctions Inc.NASDAQ

Description



ACVA is currently in a descending wedge with bullish RSI divergence and on a larger timeframe in a descending channel and has hit major support of both. Look for a move into supply area for a long or wait for a break of upper trendline for entry, stoploss below last swing low with target of $15 and will be moving SL to BE when safe to do so.

Trade active

Order filled @$3.10 looking to move SL to BE as soon as safe to do so

Comment

SL moved into profit under last support

Comment

SL moved to $14.50

Comment

Trade closed as hit new SL @$14.50 for a RR 3:1
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