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maschera
Sep 11, 2020 12:35 PM

EXPE - 7.75% Potential Profit - Ascending Triangle Long

Expedia Group, Inc.NASDAQ

Description

We traded EXPE
, and we made a decent 4% return.

Ascending Triangle broken out after a 3-month correction following a great bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.

- 6-month Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)

Target Entry $97.50
Target Stop Loss $96.95
Target Exit $104.98

About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.

Order cancelled

Yet another unpredictable day.
Comments
giles_t_error
failing wedge on the 5min short didn't get filled :(
raulamadorg
Is the operation still valid? with the price over 95 usd?
maschera
@rufo88, you have a potential better entry, and it might be worth a shot given the high risk/reward ration. However, the fact that it opened weakly is a concern.
raulamadorg
Ok man, thanks for your advice🙏🏻.
You’re amazing
maschera
@rufo88, no prob, you're welcome
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