RMBS Entry, Volume, Target, Stop
Updated
Entry: when price clears 68.55
Volume: with daily volume greater than 1.7M
Target: 86 area
Stop: Depending on your risk tolerance; 62.72 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Volume: with daily volume greater than 1.7M
Target: 86 area
Stop: Depending on your risk tolerance; 62.72 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
Comment
Still a good idea, even if it pulls back further.Comment
Beautiful example of why I don't buy pullbacks without evidence that price want's to go higher. When price breaks 68.55 with volume > 1.7M, that's the evidence I need - until then, I'll wait.Order cancelled
Replacing this idea with revised idea for RMBS.
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