Trade Journal: Long CIEN - 1/23/2020
Ever since CIEN's explosive Power Earnings Gap on 12/12/2019, CIEN has been consolidating into a tight flag pattern on the daily chart. CIEN may need a couple more days to setup, however I am entering this trade with a stop loss below the previous higher low incase CIEN wants to take off tomorrow.
Entry - 42.52
Stop loss - 41.70
Target 1 - 44.00
Target 2 - 46.00
Entry - 42.52
Stop loss - 41.70
Target 1 - 44.00
Target 2 - 46.00
Dagangan ditutup: hentian tercapai
Stopped out at 42.30. I had moved up my stop loss near breakeven due to the breakout but pullback yesterday. Today's gap down in the market indicies definitely did not help.
Penafian
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