KOPN ($KOPN) for huge breakout with potential long-term swing Long

Kopin CorporationNASDAQ

Description

⋅ May 30, 2021 9:19 PM

KOPN. Semiconductor (!!!) name.

NASDAQ:KOPN

Done:

above 10day SMA
above 20day SMA
above 100day SMA
huge vol on last Friday

Waiting:

breakout of 50day SMA
breakout of trend line formed since Feb 21

Distribution stage seems to be over. Time for new pump!

Entry on PB with low vol and higher low after break of the trend line
target $10-13

Trade active

⋅ Jun 7, 2021 7:33 PM

Starter @ $8.60

Trade active

⋅ Jun 16, 2021 8:54 PM

There is a volume gap at 9.47-9.74, when we break above that level next stop is ATH at 13.52

Comments

mitsven22

⋅ Jun 4, 2021 3:22 PM

Great job! Can I ask you what does PB stand for ("entry on PB")?
Thanks a lot

trickykid

⋅ Jun 5, 2021 10:14 PM

@mitsven22 of course, PB is acronym for pullback. This is quite imporant, cause we are not chasing on the breakout, so we are safe if it's fake out. Also we get much better risk/reward if we have to exit on stop loss after pullback and also we get nice average. Pullback should be on less volume than breakout candle, so we need to be sure that bears are not attacking, but the reason of pullback is probably some traders are taking profits near key level.