Brookdale Senior living is showing a bounce off a strong resistance line.
-Sellers attempted to force stock down further but were unsuccessful, as evidenced by the hammer candle.
- Enter LONG with a price target of $16, slightly below the previous peak, to avoid extra unnecessary risk.
- Set stop loss at $14.10, below the main resistance line. Get out immediately on break of this line.
-Sellers attempted to force stock down further but were unsuccessful, as evidenced by the hammer candle.
- Enter LONG with a price target of $16, slightly below the previous peak, to avoid extra unnecessary risk.
- Set stop loss at $14.10, below the main resistance line. Get out immediately on break of this line.
Trade active:
Active in this trade. Entered friday using a CALL option and at approximately 40% profit.
Trade closed manually:
Due to the massive impulse I closed early. I still believe the price target is valid but by using options I secured a 60% gain which is more than enough for a single trade!