My followers have been tracking GODS the last several weeks and some of them have made out like a bandit with these recent pumps. Just a few weeks ago it was at 14 cents. My entry today was 38 cents which is approx. 170% above where we started on this one. And I love the volatility on this chart! Though I wasn't expecting such a tremendous break to the upside of that ascending channel, the market bulls have proven they have a ton of energy left for more. We can see another bull flag being formed right now.
I will probably trade this one like so:
- Take half at around 48 cents and move my stops up to break even. - Let the remainder ride trailing my stops along the way. - Final target will be 62 cents. - Current SL is 31.6 cents to be adjusted as we go. - Risk Reward Ratio is currently 4/1