PAAS - Bull Flag Breakout/retest & Close Above Support
Updated
Long Pan American @ $35.33, targeting the AB=CD measured move up, and eventually above. Extremely loose trailing stop on way up. Should be fun. Now officially confirmed that it's go time.
Note
Just waiting to be filled...Trade active
Was filled @ $35.33; this afternoon added to position @ $30.77 thus bringing down my cost basis. Placed stop at $29.33, which is just under the 38.2% Fib retracement level from the March swing low to the Aug swing high move, as well a being just under former resistance zone turned support zone as evidenced by buyers stepping in right around the $30 level on 24th Sept, 29th Oct, & again on 19th November (although we'll have to see in the 19th November holds into next week). Ultimate target still around $55 zone eventually, giving me a healthy 7:1 Reward-to-Risk Ratio. I'll take that every day of the week and twice on Sunday if I could!
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