Price sold off after the lock-up period expired. A huge volume entered the market, now it seems to be ranging between the yellow lines. I entered on Friday after a break-of-trend in the PM, at 26.7 and it rushed away back towards the price. I moved the stop to break-even already and will reevaluate in case it decreases below this value. The ideal entry would be at the low-yellow line, with an exit below this line. If the bottom of the selloff is retested, I will also try to reenter with a stop below it. On the way up, a break-out of 30s is critical, as this resistance was tested already and constitutes my first target. After that, I will be looking towards measured moves and adding at established inflection points.
These patterns are very tricky to play out, so I save my size not to risk high losses. Always think about risk management, not about the potential wins. It is a strong stock, so a potential gain may be worth a few reentries. Evaluate for yourself. Check my last trade in IQ, which was a similar pattern, although not connected to any lock-up. I was successful at a second reentry when a bottoming up was clear.
These patterns are very tricky to play out, so I save my size not to risk high losses. Always think about risk management, not about the potential wins. It is a strong stock, so a potential gain may be worth a few reentries. Evaluate for yourself. Check my last trade in IQ, which was a similar pattern, although not connected to any lock-up. I was successful at a second reentry when a bottoming up was clear.
Dagangan ditutup: sasaran tercapai
Another good call!
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.