Long
SVA Breakout
SVA brokeout late today. Both RS and RSI are high and on the rise. The breakout happened on good volume. I’ll be buying tomorrow at the opening.
I’m unsure where to put my target though. If I use the length of the last rally since the last breakout, that gives a target at 1.00 (a 34.98% gain).If I use a Fib multiplier of 1, that gives a target at 0.91 (a 22.73% gain). I might pick the most conservative and stay on the safe side. Any ideas to help me with this are welcome.
I’m unsure where to put my target though. If I use the length of the last rally since the last breakout, that gives a target at 1.00 (a 34.98% gain).If I use a Fib multiplier of 1, that gives a target at 0.91 (a 22.73% gain). I might pick the most conservative and stay on the safe side. Any ideas to help me with this are welcome.
Order cancelled
It opened above my stop buy price.Note
If anyone got in, congratulation
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