Reasons to Enter Long:
This stock is in a nice strong uptrend.
The stock just made a new 52 weeks high.
It just broke a nice resistance.
Waiting for the stock to pullback around 26.15 to enter Long.
Traders/Investors are probably going to get some profits tomorrow or the day ahead and that will create a little pullback ( that's what I want).
Every time a stock makes a nice breakout on the upside or downside, the stock pull back right after ( not all the time but the majority of the time).
Possible scenarios:
The stock continue on the upside without any huge pullback ( we leave it there, no entry).
The stock pullback at our entry price which is 26.15 ( we enter there as a Long).
My target is 30.58 ( 2:1 risk ratio)
There is no major resistance until 35.22
This stock is in a nice strong uptrend.
The stock just made a new 52 weeks high.
It just broke a nice resistance.
Waiting for the stock to pullback around 26.15 to enter Long.
Traders/Investors are probably going to get some profits tomorrow or the day ahead and that will create a little pullback ( that's what I want).
Every time a stock makes a nice breakout on the upside or downside, the stock pull back right after ( not all the time but the majority of the time).
Possible scenarios:
The stock continue on the upside without any huge pullback ( we leave it there, no entry).
The stock pullback at our entry price which is 26.15 ( we enter there as a Long).
My target is 30.58 ( 2:1 risk ratio)
There is no major resistance until 35.22
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.