SOUTHBANK: Daily Breakout target hit. What next?
Güncellendi
Analysis for educational purposes only. I am not a registered analyst.
This is continuation of:
Target reached today 24th Jan. what next?
Possible options:
- exit fully
- exit partially
How to plan for exit?
- Is there another target nearby? Yes there is. Join previous HH in monthly chart.
- Do we see a breakout in another timeframe? Price is close to breakout in Monthly chart. If the wait till the month end is not risky, then possibly hold 2/3rd till either second target is reached or breakout fails.
- If the breakout fails or reaches second target, can close another 1/3rd position
Stop Loss: It's still at the daily Higher Low.
Enter/Hold a stock if we know our stop loss and are okay with risk associated with the computed loss.
This is continuation of:
Target reached today 24th Jan. what next?
Possible options:
- exit fully
- exit partially
How to plan for exit?
- Is there another target nearby? Yes there is. Join previous HH in monthly chart.
- Do we see a breakout in another timeframe? Price is close to breakout in Monthly chart. If the wait till the month end is not risky, then possibly hold 2/3rd till either second target is reached or breakout fails.
- If the breakout fails or reaches second target, can close another 1/3rd position
Stop Loss: It's still at the daily Higher Low.
Enter/Hold a stock if we know our stop loss and are okay with risk associated with the computed loss.
İşlem kapandı: hedefe ulaştı
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.