Profit potential on this trade could be up to 40%+ on this trade. I like POWR in this bull triangle nearly ready to exit and launch. I've entered here and will exit 50% of my trade at target one around 35 cents. I will then move my stops up to around 32 cents and let the rest ride in hopes of tagging that final target at 41 cents or so.
This is just the way I am doing it. Not fin advice.
Stewdamus
Comment
⋅
Updated Chart with RSI TL. Are we breaking that now?
Comment
⋅
Target 1 was tagged. As stated, I took half off for profit and have raised my stops once again. All in good profit here!
My first trade on POWR and I got an Itchy trigger finger! - 50% exit at 0.34, exactly 20% up. Moved up stops to ensure a minimum 10% from the remaining 50% which means the worst case scenario is a sweet 15% on a trade that I would never have seen but for your email on the 5th of December. Fingers crossed for Target 2. Much appreciated Stew!