Technically Speaking
Acadia Healthcare Co is sitting at a support level that was last tested in 2014, roughly 40. Will it hold this level? Who knows.
What to do?
Looking at the chart it would seem the R/R favors being long at these levels. A stop somewhere under 36 makes sense. Just have a place that you will EXIT.
The number one job of a trader is to protect capital. None of us know which trades will work, we just have to take the trades that seem to be in our favor, hold onto the winners, and cut the losers.
Help me
I am relatively new to posting trade ideas. I would appreciate any feedback, good or bad. I want to post trades and information that brings value to you, so any feedback is greatly appreciated. Leave comments below or message me directly.
Thanks
Acadia Healthcare Co is sitting at a support level that was last tested in 2014, roughly 40. Will it hold this level? Who knows.
What to do?
Looking at the chart it would seem the R/R favors being long at these levels. A stop somewhere under 36 makes sense. Just have a place that you will EXIT.
The number one job of a trader is to protect capital. None of us know which trades will work, we just have to take the trades that seem to be in our favor, hold onto the winners, and cut the losers.
Help me
I am relatively new to posting trade ideas. I would appreciate any feedback, good or bad. I want to post trades and information that brings value to you, so any feedback is greatly appreciated. Leave comments below or message me directly.
Thanks
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