Stop slightly below support
38 (1:1), 40 (2:1), or run back to highs
Play bounce of 50MA, I had my alert at 50MA so I entered. Expecting the break of short selling over reaction due to this corona virus.
Indicators say still on a downtrend of course. But just trusting this 50MA support and levels for the bounce. Have good r/r.
As mentioned earlier, it is clearly on the downtrend and I was playing on the level support and 50ma. (or catching a falling knife) lol. Didn't work out. May re-enter on confirmation next time when this downtrend reverses.
Bought at EOD 36.4 (Feb 4, 2020)
Stop slightly below support (1 day ATR)
40.07(1:1), 44.10 (2:1), or run back to highs
Play bounce of 50MA, watching to re-enter. News today Needham's price boost.