I dont like the looks of this chart. I know nothing about the company, but this stock is sort of in free fall mode. We hit some mild support recently. I would put my stop just below those, and try to ride this up for a 30% gain and then drop it like it's hot. It does look like it could have a 4 hour TTM squeeze firing long soon. Keep an eye out for that.
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First Profit Target reached! Just over 11% on position size. Hang on for second profit target. Move Stop loss to break even if you don't like risk.
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Oh, TTM squeeze also fired long on the 4 hour. This may help reach second profit target at 32% profit.
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In hindsight, I would have taken a 3rd profit target in this trade. We hit some resistance around $4.50 ish. It's still a nice trade and I am pretty confident we will end up hitting our last profit target at 32%.
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Finding some support at this trend line. Would not be surprised to see a green day tomorrow.
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Still riding the wave. Cowabunga dude!
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Guys we are hitting some resistance here. You could take another 25% of your position off the table here and it wouldn't be a bad idea. Otherwise, just enjoy the ride up.
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Oh yeah, we are currently up 20% on this trade.
İşlem elle kapatılmış:
Guys this is starting to lose momentum. I am taking profits at 20%.