Long Pan American @ $35.33, targeting the AB=CD measured move up, and eventually above. Extremely loose trailing stop on way up. Should be fun. Now officially confirmed that it's go time.
Comment:
Just waiting to be filled...
Trade active:
Was filled @ $35.33; this afternoon added to position @ $30.77 thus bringing down my cost basis. Placed stop at $29.33, which is just under the 38.2% Fib retracement level from the March swing low to the Aug swing high move, as well a being just under former resistance zone turned support zone as evidenced by buyers stepping in right around the $30 level on 24th Sept, 29th Oct, & again on 19th November (although we'll have to see in the 19th November holds into next week). Ultimate target still around $55 zone eventually, giving me a healthy 7:1 Reward-to-Risk Ratio. I'll take that every day of the week and twice on Sunday if I could!