TAX- 7% Return in Stock trading only in 1 Day !!
- Here’s another Quick Trade from Our Trading Room Executive summaries -
As discussed in Executive summaries we bought TAX at 7.13 in 5/31/16, it was looking an up-ward momentum trade as it crossed up EMA5 & SAM20. Our first target was at 11.73, around 23% Fib Retracement Level. With our surprise Stock moved to our first target the next day giving us a chance to lock a 7% profit.
Trade Details –
TAX- Long
Trade Logic: Momentum pattern, Long channel breakdown adjustment to Fib Retracement level 23% & further to 38%
Entry price: 11.13
Target Price: 11:93, second target 13.73
Stop-Loss: 10.67
You can check our detailed analysis on TAX in the trading room link here-
Trade Suggestion Date: 5/31/2016
Trading Room - Executive summery link: youtube.com/watch?v=Gqguc2Zm040
Time Span: 5.25”
Trade Open: 5/31/2016
Trade Close: 6/1/2016
Profit/Loss: 7% return in Stock trading in only 1 Day !!!
As discussed in Executive summaries we bought TAX at 7.13 in 5/31/16, it was looking an up-ward momentum trade as it crossed up EMA5 & SAM20. Our first target was at 11.73, around 23% Fib Retracement Level. With our surprise Stock moved to our first target the next day giving us a chance to lock a 7% profit.
Trade Details –
TAX- Long
Trade Logic: Momentum pattern, Long channel breakdown adjustment to Fib Retracement level 23% & further to 38%
Entry price: 11.13
Target Price: 11:93, second target 13.73
Stop-Loss: 10.67
You can check our detailed analysis on TAX in the trading room link here-
Trade Suggestion Date: 5/31/2016
Trading Room - Executive summery link: youtube.com/watch?v=Gqguc2Zm040
Time Span: 5.25”
Trade Open: 5/31/2016
Trade Close: 6/1/2016
Profit/Loss: 7% return in Stock trading in only 1 Day !!!
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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.
Like what you see? Get full access to our 3X daily members only video/txt alerts & live trading room at smartmoneytrading.com/now
Check out some of our free video examples @ smartmoneytrading.com/insights/
Check out some of our free video examples @ smartmoneytrading.com/insights/
Related publications
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.