I don't have a position in this stock, but I am waiting patiently to enter with a medium-long term strategy.
For the following reasons:
1. Appr. 50% reduction in price from all time high in USD$123 (june 2015) to USD$65 (feb 2017).
2. USD$65 is the previous support level from 2014-04-10.
3. The stock has gapped twice already 1# 2016-07-25 and 2# 2017-02-08.
4. Risk:Reward is 1:3.62
My strategy would be to enter USD$ 66-67, with a Stop-loss in $58 and first time target in $83 and wait for the possible retracement, and then pick up some more shares and next target in $97.
I am no professional investor or investment advisor, but is doing this solely for the sport.
Please comment if you disagree/agree.
For the following reasons:
1. Appr. 50% reduction in price from all time high in USD$123 (june 2015) to USD$65 (feb 2017).
2. USD$65 is the previous support level from 2014-04-10.
3. The stock has gapped twice already 1# 2016-07-25 and 2# 2017-02-08.
4. Risk:Reward is 1:3.62
My strategy would be to enter USD$ 66-67, with a Stop-loss in $58 and first time target in $83 and wait for the possible retracement, and then pick up some more shares and next target in $97.
I am no professional investor or investment advisor, but is doing this solely for the sport.
Please comment if you disagree/agree.
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.