NET - 16.90% Potential Profit - Uptrend Corridor Bounce

2020年8月17日

Support bounce in an Uptrend Corridor.

It might be a short-term trade (potentially intraday), depending on price action.

- 5-month uptrend
- RSI and STOCH well above 50 on the 5min
- MACD well above Signal on the 5min

Suggested Entry $39.14
Suggested Stop Loss $37.48
Target price $46.58

Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.

EDIT: Changed Entry / Stop Losses

2020年8月17日

注释

*Re-Testing VWAP

2020年8月22日

交易结束：到达目标

2.89% profit

Lack of price action and disappointing volume.

2020年8月27日

注释

Might re-enter at the below conditions:

Suggested Entry $40.05
Suggested Stop Loss $39.24
Target price $46.58