On April 22, 2024, I started to buy
IOT when it touched its MA-200 for the second time, forming a small base. You can see this trade in the related ideas section. I then closed the trade right below the MA-50.Now, for the last 5 days, after moving above its MA-50,
IOT has been forming a small bull flag pattern right above MA-50 A breakout above this pattern will be my new entry point.
I like the stocks that can hold the key MA-50/150/200 while the main indices are still struggling, like now.
Trade active
The trade was trigger on May 2 and on May 10 I closed half of my position as the stock reached it previous high and I think it would take some time here consolidating before reaching new high.Trade closed manually
As the stock closed down below its MA-50, we decided to close the rest of our position.
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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.
Related publications
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.