Most investor's favorite IPO just broke out the trading range today perfectly. I apply WTZ1 together with double bottom price pattern as the trade setup with described the trading plan. Just take a look and prepare your own plan. Good luck
Your stop is quite tight, likely to get eaten - what is your risk-reward ratio? My SL at Inverted right shoulders. Cheers!
surapats
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@dukeposh, It depends on the setup. My setup is breaking out trading range. So, if breaking out, the stock is supposed to be moving up and not return back to the range. SL should be placed nearer than the right shoulder.