GOEV (Canoo) on a 240- minute chart shows an early reversal from a three wee trend down.
The chop zone indicator shows the signa over the choppiness in the past few trading sessions.
Prc rose from the support of the first lower anchored VWAP line
I will take a long trade here targeting the recent pivots as shown on the chart with a stop
loss set at the low pivot immediately to the left of current price. This is a potential 50%
profit trade if profits are realized in equal thirds at the targets and the stop loss is advanced
in regular increments to protect again a momentum fade.
The chop zone indicator shows the signa over the choppiness in the past few trading sessions.
Prc rose from the support of the first lower anchored VWAP line
I will take a long trade here targeting the recent pivots as shown on the chart with a stop
loss set at the low pivot immediately to the left of current price. This is a potential 50%
profit trade if profits are realized in equal thirds at the targets and the stop loss is advanced
in regular increments to protect again a momentum fade.
Trade active:
Price moved up. Stop loss changed to a trailing stop of 5% Looking good. Like the volatility.
Trade active:
Another move higher. 10% of trade position closed to realize some profit.