NET is my biggest holding right now. I bought a starter just 3 trading days ago @ $62.90 and have added both yesterday and today for an average price of $65.59. As you can see on the volume bars below, there has been more buying than selling since earnings. I think any new entries or additions for me, need to see some consolidation. I am also a little wary of a potential double topping pattern. Overall, NET has added about 76% from its most recent low. A large run indeed.
See my notes and additional thoughts on the chart. Ideas, not investing / trading advice.
Thanks for looking. Constructive comments welcome.
See my notes and additional thoughts on the chart. Ideas, not investing / trading advice.
Thanks for looking. Constructive comments welcome.
Trade closed manually
I closed this trade out on Friday 6/2 and took what the market gave me. I ended up with a 6% gain. I waited to end of day on Friday to see if would close in it's upper range, it did not. This stock has come a long way fast off the bottom (about 75%). I do not think it's run is over but a pullback from here is likely. NET is in my top 10 trading list. I'll update if / when I do more with it. Thanks for looking.Trade active
I just re-opened this trade on a reversal. Only a 1/4 size position at this point. Entry 63.49 Stop under today's low. Please do not follow my trade unless it fits "your" trading plan.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.