Panjang
SDC Swing trade idea with 2 targets 1) R/R 1/3.6 2) R/R 1/6.5

Thanks for your time reviewing my swing trade idea.
As of today SDC has 37% short float with 5 days to cover...
This idea is based on the signals from the indicators listed on my chart , please take a look at the pink squares.
ENTRY: $5.48 ( around 20 MA area)
STOP : $5.21 (around 50 MA area)
TARGET 1 (GAP FILLER) $6.47 R/R 1/3.6
TARGET 2 (200 MA) $7.25 R/R 1/6.5
Not financial advice .
As of today SDC has 37% short float with 5 days to cover...
This idea is based on the signals from the indicators listed on my chart , please take a look at the pink squares.
ENTRY: $5.48 ( around 20 MA area)
STOP : $5.21 (around 50 MA area)
TARGET 1 (GAP FILLER) $6.47 R/R 1/3.6
TARGET 2 (200 MA) $7.25 R/R 1/6.5
Not financial advice .
Nota
SDC moved down to $5.475, position opened at $5.48 ,currently SDC at $5.63Nota
Take a look at $7.16 area( strong demand zone) as you noticed every time when SDC gets to that level it shoots up to $9.16 area (supply zone). If SDC manage to get to $7.16 then more shares can be added (this is the area where shorts are going to start to cover their positions stronger ) .Not financial advice .Nota
$7.16 marked with thin dark blue horizontal lineNota
SDC hit $6.32 today, I closed my position at $6.30 ,$0.17 short of my target, took $0.82 profit per share ,currently (after hours ) SDC price is $6.29.Satisfied with my profit , not satisfied with not following my original plan and selling before SDC hit my target. I need to work on : 1) target selection, 2) emotion control , so my fears and targets can be in equilibrium.
Nota
position closed .Nota
Planing to get back in when SDC cross from below $7.16 area with target of $9Nota
SDC hit $6.65 today , passed my original target, not following my plan cost me extra $0.17 profit per share .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.