Long
RUSS long breakout potential
As RUSS broke its major downward trendline, a long position with a good reward to risk ratio can be entered with a tight stop.
Factors leading to the decision:
As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
Factors leading to the decision:
- The recent downtrend has been broken with very heavy volume
- The 20ma was broken, pulling in moving-average traders off the side-lines
- A recent low offers a perfect spot to put a logical technical stop
As always, respect a tight-stop. If it rips up, let it run and trail stops behind.
Note
Still hangin onto this trade... moved stop up to 12.50Note
Target reached. Options here include selling all, selling half and riding stops up or going full Rambo and hanging onto the position and raising stopsTrade closed: stop reached
Closed my position around 12 as this ETF is labelled to be decomissioned this week
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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.