DKNG - 10.40% Potential Profit - Bullish Pennant
Cập nhật
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bullish Pennant broken out after a 3-month correction. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price right out of the gate and I'm keeping Stop Loss tight as a reflection of the risk
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Target Entry $39.97 (Limit)
Target Stop Loss $39.56
Target Exit $44.20
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bullish Pennant broken out after a 3-month correction. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price right out of the gate and I'm keeping Stop Loss tight as a reflection of the risk
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Target Entry $39.97 (Limit)
Target Stop Loss $39.56
Target Exit $44.20
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
Ghi chú
Please note there is a mistake with the target entry. Below the correction:Target Entry $40.51 (Limit)
Đóng lệnh: đạt mục tiêu
7.92% profitGhi chú
Considering to short based on the resistance bounce. If I do, I wouldn't expect more than a 3% gain.Ghi chú
In the end, I haven't shorted the bounce. However, that would have been a good move and another 7% profit, if made.
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