Stock Of The Day / 12.11.24 / RBLX

12.11.2024 / RBLX

Fundamentals. There was no significant news.
The stock was listed due to the gap and a smooth, non-volatile movement at the beginning of trading session.

Technical analysis.
Daily chart: Uptrend. There is an attempt to update 59.80 2-years high after a small pullback. The level is not marked on the chart, since the price did not show a significant reaction to it during the trading session.
Premarket: Gap Up on moderate volume.
Trading session: The stock continued its upward trend movement after an unsuccessful attempt to go below the opening price. The price met significant resistance at the level 60.00 after passing the level 59.19. After a sharp pullback, the price quickly returned to the level and entered a half-hour accumulation with a smooth tighten. We are considering a long trade.

Trading scenario: breakout (tightening) of level 60.00

Entry: 60.04 aggressive entry into the breakout with a small reserve for slippage. We do not expect a retest since accumulation with tightening is usually accompanied by a strong impulse movement.

Stop: 59.85 we hide it behind the last tail of the tightening.

Exit: After the breakout, we observe an impulse movement without a trend structure. It is optimal to take profit in parts for such movements upon reaching certain target RR profit (1/3, 1/4, etc.) with subsequent tightening of the stop. For example, we close part of the position upon reaching RR 1/3, with the continuation of the movement we pulled the stop to the profit level of 1/3, etc.

Risk Rewards: 1/4
Multiple Time Frame AnalysisstockofthedaySupport and Resistance

Если у вас появились вопросы по данному разбору, у вас есть альтернативное мнение или вы хотите поделиться собственной акцией дня - добро пожаловать в Telegram t.me/stock_of_the_day_channel
Juga pada:

Penafian