Write sometning about your psyhology thinking before trade? its ok its ok
Describe the trade. What you see? price will advace to teh next level it looks that momentum is still in play.
What have I done well for this trade? enter point was at the right ppint of reversal
What can I take away to help with later trades? if previous test is very close make attention
This eventually has to break below this rising wedge.
If today closes strong, i would be willing to take this long tomorrow (as long as it doesn't open highly negative tomorrow). Expecting that it would go an test the top of the channel again;
Today or tomorrow however, it can fall below the bottom channel. In which case, i would not be taking the long.
ECYT: Endocyte, Inc.
Endocyte Announces FDA Acceptance of Radiographic Progression Free Survival (rPFS) as an Alternative Primary Endpoint of the VISION Trial in Addition to Overall
ECYT could possibly breakout 2/21/18. The 15 min graph is not as clear so people who are interested should make their own graph that is similar in a 1min graph. This stock has broken out before and still has room to grow.
ECYT was discussed in trading room last Thursday as Flag play & it played out beautifully. It seems flagging again, and showing strong upward momentum breaking out long term resistance. We think it has potential to go as high as $4.13
* Trade Criteria *
Date First Found- May 15, 2017
Pattern/Why- Flag formation (Possible Momentum Trade)
Entry Target Criteria- ...
mad crossed just out of cloud wait for good opening candle see our book for entry and stop loss rules cut losses quick let profits run
cci and percent r upper band good strong group bib etf strong
relative strength good
Endocyte, Inc., a biopharmaceutical company, develops targeted therapies for the treatment of cancer and inflammatory diseases. one one to see how much a stock can move is to look at the ATM Straddle to get two Measured Move Targets. The ECYT ATM April 15 Straddle is priced at $6.80 implying the stock can move to either $21.80 or $9.20 by april expiration. ...