Entertainment Purpose only, not trading advice, DYOR
*Enter at confirmation of double bottom at daily close above wick at $40.40.
*Stop Loss at 2 ticks below tail of double bottom, $38.15.
*Sell 1/2,my position at $45.46, move remaining to scratch.
-If internals remain strongly bullish, employ 3 lows-highs stop management tool to keep feeding the market and taking profit.
Another tidbit. There are many significant fundamental factors looming, Covid, elections in the US, and other geo-political events around the world. A big enough fundamental event could throw the TA out the window.
*Enter at confirmation of double bottom at daily close above wick at $40.40.
*Stop Loss at 2 ticks below tail of double bottom, $38.15.
*Sell 1/2,my position at $45.46, move remaining to scratch.
-If internals remain strongly bullish, employ 3 lows-highs stop management tool to keep feeding the market and taking profit.
Another tidbit. There are many significant fundamental factors looming, Covid, elections in the US, and other geo-political events around the world. A big enough fundamental event could throw the TA out the window.
Trade closed: stop reached:
I was stopped out on both this trade and my Cisco trade; both assets turned and hit profit objective. Will work more on stop-loss understanding, placement, and management.
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