micahjmiller
Long

TRVN: Trend Play

NASDAQ:TRVN   TREVENA INC
This stock popped up on my stock screener the other day.

I wanted to document this trade in case it ends up going well.

What I'm seeing here on the daily is a break above it's 100 then 200 MA. Now we are in this consolidation period with a little coiling action happening within the triangle I've drawn.

It's clear price is going to break in an explosive way whether that's up or down.

I have a stop limit placed at $1.68 for a break out to the upside.

I will move my stop loss up as price advances to lock in gains.

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