Long

Updated

BAP Long

-62 Week ascending triangle
-Well defined, horizontal boundary
-Bollinger band contraction on the weekly and daily

Still on my watchlist and will be a buyer above $6 with a break and close. 30 basis points of risk planned

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Stop buy order in @ 6.03
SL @ 5.85

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order cancelled, prefer to watch the monday close

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Will put in an order this afternoon for a close above the boundary line

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Correction, Buy order in @ 6.03 with stop @ 4.87 below previous weeks close

Trade active

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I like the fact that it closed above boundary accompanied by decent volume but I don't like that it is below $6 close

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Nice open @ 6.05

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ATH close today

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Weekly ATH

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2 day away trailing stop moved to 6.11

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Had I been implementing my swing/position trade management protocols, I would have taken profits today at the measured move of this ascending triangle. +5.37R

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Under heavy selling into the open. 6.74 on the open and falling. Can be expected after price meeting its measured move.
Should have a level to progress stop against once I have two days of new highs in the next few days to weeks

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Selling half my position at the open.
Family matters are diverting my attention

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Half position taken off @ 6.70 for +4.19R

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Glad I closed half position.

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New interpretation, 4 week flag forming

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Will buy a second tranche of 30 basis points on a break and close above 6.79 should I have a measured R/R

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Bought second tranche @ 6.89

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Stop on 2nd tranche @ 6.84

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Looking like a close above $7 could come today

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...Maybe not, definitely want that stop there now

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2nd tranche stop hit

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Stop moved to 6.21
2 day away rule

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Another potential chance for some additional exposure

TomKirk

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TomKirk