About meI am taking 2018 to learning everything I can about trading. Nothing I publish is to be taken as advice. These are only my notes that I am using to trade stocks on Investopedia's trading simulator. There will be many mistakes.
The stock has risen nicely since the news on 12 DEC 2020, that Novan Inc is working on an intranasal vaccine for Covid-19. That grabbed my attention since I am not looking forward to that inch and a half needle being jabbed into my arm. As you can see a beautiful pennant started forming at the end of a cup and handle pattern so I jumped in at 1.02 per...
Playing Trading Simulator Game:
Cup taking shape on the daily chart.
Price in upward channel.
Stoch in upward channel.
RSI shows nice upward trend.
Enter long after price above:
a) 16MAR18 high of 292.30
b) 26FEB18 high of 296.10
c) Psychological resistance of 300
My choice: BUY STOP at 301.5