This is an update to my previous analysis on VCEL. I took profits at 7.70 and plan on re-entering this coming week.
A word of caution - last week shows signs of some probability for failure. This long deserves some caution IMO. A tighter stop may make sense for some, or simply a reduced amount of risk on this trade. Remember the market cap is extremely low so this could pop in either direction very quickly.
A word of caution - last week shows signs of some probability for failure. This long deserves some caution IMO. A tighter stop may make sense for some, or simply a reduced amount of risk on this trade. Remember the market cap is extremely low so this could pop in either direction very quickly.
Comment:
Stop goes up as the price has risen. Note, price is trading higher in the last week of the month. This is always a very good sign.
Trade closed: target reached:
Took profits on 33% of the position at 12.40
I re-entered at 7.05