When price clears: 125.55 With daily volume greater than: 5.623M Target: 149 area Stop: Depending on your risk tolerance; 117.75 gets you 3/1 Risk/Reward. Resistance: 136.76 area
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Comment
⋅
Got the price but not the volume, I'm hoping to see a pullback and another run up with volume.
Trade active
⋅
Comment
⋅
I got out! I got in by breaking my own rules - see the comments section for a screenshot - and I just don't think it has the volume to support a run to my target. If you got in, I think you can hold it with a tight stop, and I wish you luck.
This was a BAD entry, I broke my own rules. Instead of waiting for volume, like I said on June 5th, I took the trade. Hopefully it will work out, but I didn't give the stock a chance to confirm that it wanted to go higher so this mistake reduced my chances for success on this trade, in my opinion. Of course, the stock might higher (or lower, or it might continue to trade sideways for 6 months), but I didn't give it a chance to prove it had the guts to go higher before I took a position.