Long
$RDBX unorthodox technical analysis 👁🗨
Updated
*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Today my team entered Redbox Entertainment RRDBX at $10 per share. We set an automatic stop loss at $8.80 which would be a -12% loss.
This play has the potential to reach at least 50% above our entry in a very short amount of time. It could also do the exact opposite. We like the chart set-up, but please listen to us when we say that this isn't a safe bet.
Good luck to all!
If you want to see more, please like and follow us SimplyShowMeTheMoney
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
Today my team entered Redbox Entertainment RRDBX at $10 per share. We set an automatic stop loss at $8.80 which would be a -12% loss.
This play has the potential to reach at least 50% above our entry in a very short amount of time. It could also do the exact opposite. We like the chart set-up, but please listen to us when we say that this isn't a safe bet.
Good luck to all!
If you want to see more, please like and follow us SimplyShowMeTheMoney
Note
stopped out at $8.80. This was a small entry, so it wasn't too bad of a loss. We entered again at $8.90 with a slightly bigger entry. New stop loss is set at $8.70. We are only back in because RRDBX bounced off of a pretty strong trendline today.Note
To remind you guys, these are automatic stop losses, not manual due to the high risk of this play.Trade closed: stop reached
Trade active
Back in at $6.Note
ENTRY: $6STOP LOSS: $5.50
Note
That stop loss is automatic. We still think RRDBX needs more time before its ready. We're using a small position at the moment.Trade closed manually
Exiting above the stop loss at $5.80
Disclaimer
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