claystation4
Long

Long LITB on channel support

NYSE:LITB   LIGHTINTHEBOX HLDG CO LTD
6 0 0
Long LITB on recent channel support. Price action has moved back down toward the '16 channel on the daily chart and successfully bounced higher. I look for a pop on earnings next week with big upside toward the ~3.50 region. With a shallow stop at $2.70 the risk/reward on this trade is fantastic (3:1). If you follow my 10000 USD base account recommendations I advise taking a 500 share position at $2.90.
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