PPB: High Priced Stock, Breakout with Correction
Thank you for your continued support :)
Strategy: Moving Averages Formation
Bias: Bullish. Breakout from long term resistance of 18.84 and the shaded box consolidation range, followed by correction with the lower shadow touching 50% key level and closing up exactly at the mentioned 18.84 level.
Stop-loss: 18.54, the open price of the breakout candle; or 18.46, the half-yearly MA as support
1st Target: 20.00; also a psychological level.
2nd Target: 21.36
Gentle reminder: Plan your trade and trade your plan. Peace out!
Strategy: Moving Averages Formation
Bias: Bullish. Breakout from long term resistance of 18.84 and the shaded box consolidation range, followed by correction with the lower shadow touching 50% key level and closing up exactly at the mentioned 18.84 level.
Stop-loss: 18.54, the open price of the breakout candle; or 18.46, the half-yearly MA as support
1st Target: 20.00; also a psychological level.
2nd Target: 21.36
Gentle reminder: Plan your trade and trade your plan. Peace out!
Đóng lệnh: dừng lỗ:
6 Jan 2020: Price crossed-under the stop-loss 18.46, barely touching the 0.618 retracement level, before bouncing back to close at 18.78. Ouch!
Take care and trade safe :)
Take care and trade safe :)
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