Entered Long VRSN here. Expecting a breakout in the coming days. Target 250 Always have a stop.
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VRSN could potentially wick below 200, it is important it closes above 200 on a daily candle close. I am still confident we are going higher and lower prices are buying opportunities.
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This is a weekly setup. Currently it is trading at 198. It needs to close above 200 by the end of this week. If it does not, I exit the position and wait for strength to come back into this stock.
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My stop is always worst case stop, I can take a smaller loss and wait for momentum to come into my favor.