The health care industry is being leading the charge,
AMLX
is the proof of that. This recent IPO just broke out of a good looking cup & handle pattern. Also, IBD is giving a 99 relative strength rating.
So, I enter today with a small position. A "pilot position", as Mark Minervini would say. The market is still under pressure so I'm testing it.
As this stock is a highly volatile I'll play for a 3:1 risk/reward.
AMLX
is the proof of that. This recent IPO just broke out of a good looking cup & handle pattern. Also, IBD is giving a 99 relative strength rating. So, I enter today with a small position. A "pilot position", as Mark Minervini would say. The market is still under pressure so I'm testing it.
As this stock is a highly volatile I'll play for a 3:1 risk/reward.
Comment:
Just put my stop loss at breakeven
Comment:
I sold my position at breakeven just be sure. The thing is that the price hasn't break support at its MAs.
I'll keep a close eye on this one for thise week's action.
I'll keep a close eye on this one for thise week's action.
