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Gerardovb98
Sep 28, 2018 3:47 PM

HEAR Possible Breakout (Wait for Confirmation) Long

Turtle Beach CorporationNASDAQ

Description

HEAR is right at its resistance, but seems it might break through. For an entry make sure to wait for confirmation of a break or a spike in volume to the upside. No break, no trade.

Trade active

Entry @20.89

Trade closed: stop reached

Comments
Sultan_of_Chart
what's your stop loss? I think were heading higher based on fundamentals and growth from battle royale into the holidays but I could see 17 before we start another big move
Gerardovb98
@astryer, i stopped out when the 19.50 support was broken. My mistake was not waiting for the confirmation, but based on fundamentals it should eventually go higher.
Sultan_of_Chart
@Gerardovb98, smart move. I bought big at 17.50 with a stop loss at 16.40ish. I bought more at 21.30 with a covered call for Nov at 25. Now with the breakout I moved my SL for half my shares to low 20s. Planning to sell 1/4 in the high 23s, more at 25 and reevaluate from there. What are your thoughts?
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