TheHandsome92
Long

fib retrace one week long

NASDAQ:AVID   AVID TECHNOLOGY INC
52 2 3
Based on previous patterns and the fibonacci principle, I predict the stock will increase

price target: 5.3

Stop loss 4.85

still learning
Use a two to one ratio, so your stop would have been 4.67, your target is okay, but you also fought the down trend so be aware of the that, one way to combat that is using a stop order above the current market price so that if it moves down it doesn't trigger the trade and you can use your money elsewhere
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TheHandsome92 soul_productions
@soul_productions,
Great advice! Thanks
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