RIGL LongReasoning:
30Week MA Pullback
Strong volume out of a tight price area
Swing Traders (2-6 Week Holds)
Buying rule : Watch out for a buy stop, this helps avoid fake moves!
Entry: Full position on breakout
Profit Taking: Sell 1/3 at Goal 1
Final Exit: Remainder at Goal 2
If there is a goal 3. (You can sell 30% on G1, 30%, on G2, 40% on G3)
Selling is done partially because we never know what is going to happen, so sell as money goes in your favor - Mark Douglas
