Going long WUBA Tuesday morning

19 Ara 2017

WUBA is printing a bullish hammer candlestick over candlestick price bar right off its uptrending 50 DMA with my momentum/trending oscillators confirming the price move. I am going long WUBA Tuesday morning using a limit (GTC-BUY-LMT) order @ 72.00. I will have two trailing sell stops (GTC-SELL-STP) @ 68.14 and 65.15 to protect my initial invested capital in case WUBA does not move higher immediately. I am expecting a measured move similar to all or part of the previous uptrend from February '17 - November '17.