Not my usual setup but offers a good R/R for Mean reversion to the previous lows. Two heavy flushes to the downside + Market winds to downside have pushed this stock down rapidly to oversold area.
Position Open: 1.98
Risk: 1.95
Target: 2.5
Trade Open.
Position Open: 1.98
Risk: 1.95
Target: 2.5
Trade Open.
Trade closed manually:
Exited manually at 2.2 the MACD was exhausted so closed it early.
Today it flushed. Will look to long again when an opportunity presents.
Today it flushed. Will look to long again when an opportunity presents.