I ´m Long here,
waiting for the 9%/8% profit zone
either the price is doing: lower high & lower lows, the next high top probability is in the rectangle zone draw in this chart (aprox. $228/230),
from there or even in the next green line we can take profit or look at the volume, RSI, or whatever help ´s us to try to anticipate to what comes next.
As you can see i have two alerts one is at $224, just to look at the trend strength then the other at the lower point where i bought the stock $210, that is a substitute for stops and take profit orders, i don ´t use that kind of order cause the price is so volatile in the most of assets, that is difficult to be sure that the stop is triggered when you really want. The triggering in the low side could be a bear trap or in the profit side maybe there is a lot of volume entry in that point and it is not time to get out of the trend. best to be sure ready carefully what chart tell us
That ´s my personal view about order triggering. I think it ´s better to manage yourself your funds and be alert to day there is excuse with mobile application which easily facilitate an immediate order execution.
Good Luck to all
(in general all tech at the Nasdaq have pretty similar look, uncertainty but still profitable at some degree IMHO)
Charlie
waiting for the 9%/8% profit zone
either the price is doing: lower high & lower lows, the next high top probability is in the rectangle zone draw in this chart (aprox. $228/230),
from there or even in the next green line we can take profit or look at the volume, RSI, or whatever help ´s us to try to anticipate to what comes next.
As you can see i have two alerts one is at $224, just to look at the trend strength then the other at the lower point where i bought the stock $210, that is a substitute for stops and take profit orders, i don ´t use that kind of order cause the price is so volatile in the most of assets, that is difficult to be sure that the stop is triggered when you really want. The triggering in the low side could be a bear trap or in the profit side maybe there is a lot of volume entry in that point and it is not time to get out of the trend. best to be sure ready carefully what chart tell us
That ´s my personal view about order triggering. I think it ´s better to manage yourself your funds and be alert to day there is excuse with mobile application which easily facilitate an immediate order execution.
Good Luck to all
(in general all tech at the Nasdaq have pretty similar look, uncertainty but still profitable at some degree IMHO)
Charlie