SQ - 5.13% Potential Profit - Bullish Rectangle
Updated
Clear uptrend Support and Resistance with a Bullish Rectangle formed within.
Short term swing trade that I would close before earnings on 5th August.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $133.45
Suggested Stop Loss $130.94
Target price $140.45
Short term swing trade that I would close before earnings on 5th August.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $133.45
Suggested Stop Loss $130.94
Target price $140.45
Trade closed: target reached
15.59% profit.A hell of a trade. I ended up adjusting my stop-losses progressively as the price increased and managed to secure a profit above the original target.
I use "target prices" as a reference but I do not set profit-taking orders. I tend to adjust stop-losses in order not to miss gains on bull runs like these.
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