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Verum0
Feb 9, 2021 1:43 AM

EDIT breakout into a new channel Long

Editas Medicine, Inc.NASDAQ

Description

Here we have a new breakout. I see this one making continuation moves up into this new channel once it gets its footing. A solid entry would have been MACD red to green with the cross as shown by the yellow line, nonetheless, If you pickup some calls you should be good here in my opinion.

You know what to do! Manage risk, trade smart!
Comments
schneidtmanuel
This didn’t age well
davidnovosardian
@schneidtmanuel, lmao chill it's only been a few days
davidnovosardian
@davidnovosardian, but I do think it's in a descending bearish state right now before a reversal starts.
Verum0
@schneidtmanuel, you gotta read the description bro. I always stress you gotta manage risk/trade smart. I would have exited at break of support at approx 68.63. Dont trade unless you know where your support/resistance are. This was a good risk/reward trade nonetheless and a solid short opportunity if you were paying attention to break of support. Now we have a nice double bottom and can look for more calls. I made money both ways. Did you? Cheers!
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