Tight stop, high risk/reward
This trade depends entirely on how the indexes perform.
The stock came off the yearly lows nicely; the bounce off strong support was a beauty.
It is now on it's way up, however, at this time it might retrace. That's why the stop loss is this tight.
The stock came off the yearly lows nicely; the bounce off strong support was a beauty.
It is now on it's way up, however, at this time it might retrace. That's why the stop loss is this tight.
Disclaimer
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.