NickFi
Long

STM going up

NYSE:STM   STMICROELECTRONICS
STM
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stm
STM is going to a new high. I purchased the stock at $16.04 in premarket. I am not sure it's a good idea to buy before the market open, because of high volatility . I'll consider a take profit of $17.81 and a stop loss of $15.16, giving a risk/reward ratio of 2.01
Hello my friend. I also purchased around the same price as you but a day or two after. Had been looking at STM since Jan 2017, when it was around $11.00. I guess I needed convincing that the bullish trend would continue..... oh well. I am going to strongly assume that it will continue to trend upward to over $18.00 by Q4. Nice work.
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NickFi Pin-Point_Trading
@Pin-Point_Trading, Hi, you've been very patient while watching this stock! There were many opportunities to enter the trade, at price breakouts or gap ups. Of course, it is easier to have opinions after we can see how they evolved :) One analyst has a rating of BUY, with a target price of $20. Wouldn't be too bad. That analyst already got a 61% profit on this stock.
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