i do not think anyone should follow this trade and i would never make a trade like this myself due to the volatility... this is something im putting out there for fun and involved little to no thought.
entry ~39.7
stop loss ~38.9
target ~42
potential gain of 5.8% or higher if you re-evaluate the chart later and adjust the stop loss accordingly
potential loss of ~2%
approx 3:1 risk reward ratio
take this with a grain of salt
buy point ~ $355
target ~ $390
stop loss ~ $325
potential gain of approximately 10%
potential loss of approximately 9%
approximately 1:1 risk/reward ratio. this is a high risk, high reward stock as it tends to make quick moves either to the upside or the downside, however, if it does approach the target of $390, it can potentially reward you very quickly far...
buy point ~ $61
target ~ $66.7
stop loss ~ $59.7
potential gain of approximately 9%
potential loss of approximately 2%
slightly better than 4:1 risk reward ratio
catalysts for this stock in the upcoming months:
+their overwatch league will be launching soon
+their new call of duty game will release ahead of the holiday season
buy point ~ 39
stop loss ~ 37
target ~ 45
risk ~ 5-6%
potential gain ~ 15-18%
1:3 risk to reward ratio
take this with a grain of salt. feel free to raise the stop loss instead of selling given that you believe JD will benefit from the growth of ecommerce in China. check them out.
If you like planet fitness's fundamentals, take a look at the buy point I describe here and decide for yourself. If you would like a potential in and out, maybe look for the over-extension for a short point, however I would not recommend shorting this company based on the chart alone, and definitely look into the business itself first because shorting a good...
similar occurrence of events:
past event: 1. all time high reached
2. support level tested twice
3. the successful test turned out to be a nice buy point
potential future event: 1. all time high reached
2. support level tested twice
3. may be a good buy...
