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Safe_Trades
Jan 8, 2021 5:15 PM

MRSN day trade opportunity 

Mersana Therapeutics, Inc.NASDAQ

Description

I bought into this stock for a swing trade after the huge drop but was stopped out for minimal loss. I noticed it has been rangebound for a while so I started buying the bottom and selling the top of the channel. Reasonably lucrative so far. It broke outside of the channel so the pattern may have been broken. If it goes back into the channel I will start trading it again. This is the 15min time frame but I am using 5min, which can't be published due to small resolution. Safe trades!

***If you get anything out of this TA, please like and follow for future updates and more TA. Thanks a lot!***

***THE IDEAS SHARED HERE ARE MY OPINION. THIS IS NOT FINANCIAL ADVISE TO PLACE TRADES. PLEASE DO YOUR OWN RESEARCH AND ANALYSIS BEFORE BUYING/SELLING STOCKS.***

Comments
jeymaravillas
Learning from someone explaining why he buys a stock.As you mentioned before ,beleive, think,want will not make a stock grow.Cheers
Safe_Trades
@jeymaravillas, thanks buddy. "I think that..." can be very dangerous when it comes to the stock market.
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