Weekly MA's flipped a few weeks back here. Looking to ride up to the 236 minimum. Stock has small moves at levels then breaks, grabbed it today as we pulled away from this level. Acceptable R:R to the 236. Stop will be managed in the usual manner nbehind the previous days HK candle, Im going to try to trail 50% behind the weekly candle as a trial. Should be fun.
Note
Break of this price here and touch of the 20MA triggered 1 hr entry. A bit forced but looked good. Note
Stop loss now being trailed under low of last daily candles. Once in profit i will split 50/50 to trail second stop under weekly.
Trade closed: stop reached
Stopped out in profit before the last two rocket days. Too late to re-enter here. I will wait to see what happens at the 236
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.