$TGTX - 4 Breakouts

The fourth-quarter results were well received by analysts.

There were 4 breakouts from yesterday to today:

Breakout of the 3-Month Simple Moving Average
Breakout of the Weekly Heiken Ashi Highs and Lows Average
Breakout of the 3-Month Donchian Channel High
Breakout of the Downtrend Line
We also see that these breakouts were driven by a surge in vertical volume and within the horizontal volume range.

All aboard.

Trade active

- Where do we go now?

What a fantastic entry! 14% gain in 13 trading days since the well-founded entry at 35.93.

Now comes the eternal dilemma of profit-taking. Should we follow the 2-week EMA? Or the 1-month EMA? Or is the current result already satisfactory? Partial exit?

It’s tough when other positions in the portfolio are at a loss right now. I’ll think about it tomorrow.

Trade closed manually

- Profit never brings regret

Given the challenging macro scenario and the S&P 500 seemingly ending its bullish cycle, I don’t think it’s wise to take unnecessary risks. In this case, the risk of not securing profits.

A highly conscious and well-executed trade that could have been held in a different scenario, but I’m gladly locking in my gains.

Average price: 35.93
Sell price: 42.25
Return: 17%

Mordredis

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Mordredis

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