NYSE:SOGO
Another candidate to buy today.
What we see on the chart:
1. We see a strong level 4.41, which was formed on February 28.
2. We understand that this level is formed be the Limit order, because there is confirmation on June 16, 17 and 19. Obviously, there is a of the size.
3. Gaining long position under the level.
4. Yesterday we made a breakout, but we didn't go down, the paper is being supported.
Safe scenario:
entering the long position after retesting and abandoning the level.
SL under the M5 low at 1.38 (open M5 chart and see).
Aggressive scenario:
Entering above yesterday's high at 4.46
Sl under the level. But for me personally, it's too big a risk.
Trade wisely!
Another candidate to buy today.
What we see on the chart:
1. We see a strong level 4.41, which was formed on February 28.
2. We understand that this level is formed be the Limit order, because there is confirmation on June 16, 17 and 19. Obviously, there is a of the size.
3. Gaining long position under the level.
4. Yesterday we made a breakout, but we didn't go down, the paper is being supported.
Safe scenario:
entering the long position after retesting and abandoning the level.
SL under the M5 low at 1.38 (open M5 chart and see).
Aggressive scenario:
Entering above yesterday's high at 4.46
Sl under the level. But for me personally, it's too big a risk.
Trade wisely!
Order cancelled:
model is broken.