HP Retest Resistance
Updated
Overview:
Current Trend:
Trade Plan:
- SPN pulls ahead of other SP500 categories for YTD returns
- HP performing quick second test of resistance
Current Trend:
- Hp was sideways/bearish
- Increasing volume leading into recent tests of resistance
Trade Plan:
- Enter HP at end of day (5/5) if above resistance line
- If fails to break resistance put back on watchlist
Target Profit:- Sell 100% of position at $31.40
- Initial $26.96
- Trailing to low of previous day
- 2:1
- My trading plan dictates that this is my minimum ratio
Not investment advice. Thinking out loud in a crowded room. - Sell 100% of position at $31.40
Order cancelled
Rotated back to watchlist
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