BONT had a big day, jumping from .58 - 1.30 today, +97%! This jump is unsustainable and I will be entering short at $1.30. This jump was off headline news of being approved for approval of a new issue of Junk bonds to finance the holiday season.
Here are my TP levels.
TP 1: 35% of trade @ $1.10
TP 2: 55% of position at $1
TP 3: Hold 10% until end of day, if price is closing above $1, exit trade, if under, hold overnight.
SL: 1.5
RSI is starting to show overbought signals and MACD showing a convergence at the 1.22 level, which could indicate a drawback.
Good luck, let's make some money.
Here are my TP levels.
TP 1: 35% of trade @ $1.10
TP 2: 55% of position at $1
TP 3: Hold 10% until end of day, if price is closing above $1, exit trade, if under, hold overnight.
SL: 1.5
RSI is starting to show overbought signals and MACD showing a convergence at the 1.22 level, which could indicate a drawback.
Good luck, let's make some money.
Comment:
Broke through MA 30 and 60, moving SL to entry.
Comment:
Changed mind about moving SL to entry, seeing resistance but I still think this will play out well as we go into the late hours of trading this afternoon.
Comment:
Increasing position size @ 1.29
Comment:
Filled @ 1.29
Comment:
Adding additional 10% Position TP @1.2
Comment:
TP 1: reached
Comment:
TP 2: Reached 1.10
Trade closed: target reached
Comment:
Comment:
Total Profit: $6840