Panjang
$RDBX unorthodox technical analysis 👁🗨
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Today my team entered Redbox Entertainment RRDBX at $10 per share. We set an automatic stop loss at $8.80 which would be a -12% loss.
This play has the potential to reach at least 50% above our entry in a very short amount of time. It could also do the exact opposite. We like the chart set-up, but please listen to us when we say that this isn't a safe bet.
Good luck to all!
If you want to see more, please like and follow us SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Today my team entered Redbox Entertainment RRDBX at $10 per share. We set an automatic stop loss at $8.80 which would be a -12% loss.
This play has the potential to reach at least 50% above our entry in a very short amount of time. It could also do the exact opposite. We like the chart set-up, but please listen to us when we say that this isn't a safe bet.
Good luck to all!
If you want to see more, please like and follow us SimplyShowMeTheMoney
Nota
stopped out at $8.80. This was a small entry, so it wasn't too bad of a loss. We entered again at $8.90 with a slightly bigger entry. New stop loss is set at $8.70. We are only back in because RRDBX bounced off of a pretty strong trendline today.Nota
To remind you guys, these are automatic stop losses, not manual due to the high risk of this play.Dagangan ditutup: hentian tercapai
Dagangan aktif
Back in at $6.Nota
ENTRY: $6STOP LOSS: $5.50
Nota
That stop loss is automatic. We still think RRDBX needs more time before its ready. We're using a small position at the moment.Dagangan ditutup secara manual
Exiting above the stop loss at $5.80
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.