Strategy/Chart pattern: Break out
Entry: Immediately (Limit 11$)
Stop: 8.84$
Target 1: 12.86$
Target 2: 16$
Risk/Reward-Ratio: 1.5:1
Stopmanagement: Parabolic SAR daily chart default settings
Intermarketanalysis: Please are beware of the fact that the probability of rising yields of the bonds in the next weeks to months is much higher than their decline which again is bad for techcompanies with a high amount of outside capital. This is why I would recommend to only risk 0.3% of the portfolio
Description: The chart broke a trendline which was intact since the end of January 2021. The break was NOT confirmed by the volume, which is another reason (see intermarketanalysis) why I only will risk 0.3% of my portfolio for this trade
Entry: Immediately (Limit 11$)
Stop: 8.84$
Target 1: 12.86$
Target 2: 16$
Risk/Reward-Ratio: 1.5:1
Stopmanagement: Parabolic SAR daily chart default settings
Intermarketanalysis: Please are beware of the fact that the probability of rising yields of the bonds in the next weeks to months is much higher than their decline which again is bad for techcompanies with a high amount of outside capital. This is why I would recommend to only risk 0.3% of the portfolio
Description: The chart broke a trendline which was intact since the end of January 2021. The break was NOT confirmed by the volume, which is another reason (see intermarketanalysis) why I only will risk 0.3% of my portfolio for this trade