I'm expecting this stock to breakout of the wedge pattern and continue the overall uptrend. I don't normally use Fibonacci retracement levels but wanted to estimate some levels of resistance. Will be taking profits at the 0.382 level and my stop is at 242.43. What are your thoughts? My only concern is it looks like there is a looming death cross. My entry was at the yellow line.
Comment:
well, got stopped out. Broke the bottom support line.
Comment:
So even though I got stopped out for a 1% loss, it seems that it was a fake breakout to the bottom. So i re-entered the same trade at 246.61 and going long. Hop there will be a lot of volume in the next few days. Does anybody else ever get bored of swing trades!? I just want this position to close in the green so I can move on haha.
Trade closed: stop reached