ACMR is a volatile and speculative stock that has been in a tight consolidation for the last month. Yesterday, ACMR looked like it was taking off and I missed the entry, however today ACMR reversed but bounced off the previous breakout area. Since ACMR retested the breakout area, I went long this retracement.
Entry - 39.49
Stop Loss - 36.95
Target - 50.00
In hindsight, my risk should have been smaller on this trade. My recent performance has showed I have a lot of losses when it comes to pullback trades. Furthermore, the breakout trendline I drew is not really clean - only 2 touches. Finally, the current reversal is on high volume which is an indication of weakness. We shall see.
Entry - 39.49
Stop Loss - 36.95
Target - 50.00
In hindsight, my risk should have been smaller on this trade. My recent performance has showed I have a lot of losses when it comes to pullback trades. Furthermore, the breakout trendline I drew is not really clean - only 2 touches. Finally, the current reversal is on high volume which is an indication of weakness. We shall see.
Dagangan ditutup: hentian tercapai
Stopped out at 38.41 after moving stop below the key 38.50 level.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.