Small volume huge potential
1st PT 31.30
2nd PT 32.10
SL 28.70
My entry 29.49
Thin volume lately in an industry that can be volatile (ethanol fuels). 2nd PT is just above 200EMA.
My plan. Take 50% off the position on 1st PT. Another 25% if it reaches 2nd PT. If it goes with strength through 2nd PT I will leave 25% and move my price SL just below 2nd PT.
On 4H chart, there is a base looking like a previous order block.
2nd PT 32.10
SL 28.70
My entry 29.49
Thin volume lately in an industry that can be volatile (ethanol fuels). 2nd PT is just above 200EMA.
My plan. Take 50% off the position on 1st PT. Another 25% if it reaches 2nd PT. If it goes with strength through 2nd PT I will leave 25% and move my price SL just below 2nd PT.
On 4H chart, there is a base looking like a previous order block.
Penafian
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