F Post Earnings

Overview:

• F like most automakers is facing a chip shortage with is hindering sales
  
• Chip shortage should prove to be temporary (not definite end in sight yet) which is creating a discounted entry point
  

Current Trend:

• Was recently in an bull trend that ended
  

Trade Plan:

• Slowly scale into position around when price dips below $11.37
  Target Profit:
  
• Sell 50% of position at $12.50
  
• Sell remaining position at $13.50
  Stop Loss:
  
  • $11
    
  Risk Reward Ratio:
  
  • My trading plan dictates at least 2:1
    
  
  Disclaimer
  Not investment advice. Thinking out loud in a crowded room.

Trade active:

Avg Entry: 11.37

Comment:

Sold 50%: $12.50
New Target: $13.50
New Avg Entry: $11.31
New Stop: $12.00

Trade closed: target reached:

Sold Remaining 50%: $13.50
Return ~14%