Write sometning about your psyhology thinking before trade?
It is look resonable to go into this trade its fun.
Describe the trade. What you see?
After that rally stock will fall. It is also bad Income
Write why you want to enter the trade in this point?
It is a upper point of the pullback after price violate support line.
What have I done well for this trade?...
Higher highs and higher lows. possible Head and shoulder pattern so tight stops under $2.70 support to start next week. Cautiously optimistic that we will see a nice bounce and make new highs. If $2.70 breaks we are headed down to $2.50 and if $2.50 doesn't hold next support is $2.20.... Unlikely as volume does not confirm the recent dip last Thursday and Friday.
BW forming a nice fallen angel type momentum Long setup. Made a nice rounded bottom, and crossed above sharp reversal area today. We think it has good upside potential if it can break above $9.56
* Trade Criteria *
Date first found- April 10, 2017
Pattern/Why- Fallen angel type Momentum Long
Entry Target Criteria- Break of $9.56
Exit Target Criteria-...
BW going up forming a fallen-angel patter. We think it has some momentum left to go little further. Moneyflow is accumulating & showing positive divergence. We like a long from current position & our target is just below 61.8% fib level.
You can check our detailed analysis on BW in the trading room/ Executive summery link...