RMBS - Entry, Volume, Target, Stop

tradepatiently Updated   
NASDAQ:RMBS   Rambus, Inc.
Enter when price clears 51.88
With daily volume greater than 1.19M
Target: 56.50 area
Depending on your risk tolerance: 50.34 gets you 3/1 Risk/Reward
Earnings tomorrow could make or break this, but the pullback was much deeper than I anticipated, a drop below 43.19 would negate this trade for me.
Order cancelled:
Risk / Reward too far out of whack for me, I'm taking this one off my watch list for now.
I did eventually enter this trade when it reversed after earnings. I closed it out today and took profit. Not trading advice, others are better at me at letting winners run, but I had a small position and with long weekend and US Gov't right now, I felt good about taking my money off the table.


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.