TKG Divergence on Weekly Chart
Updated
Decent position trade looking like it might be up for grabs. Daily shows some decline still possible to test 2 standard deviations from the mean on the downside, still staying in the area of value for those believing the stock is cheap, but will hopefully move to test the 200 day MA and break above in the next couple of weeks. Targeting the 200 MA short term and the 6850c per share area of value after that.
Note
Still positive about this, especially the break out today. Stoch(10,3,1) is what I use on daily and it shows overbought with upward momentum. Fundamentally the company basically checks out for the most part from what I've looked at and S/L now sits at 3200 with first profit at 5400 (or 4400 if the situation changes), after which S/L becomes entry and next P/T at 58-60Trade closed manually
I woudl love to say that I was still in this but took a lower target earlier today, still closed in the green but goodness, looking back at this original setup I should have possibly only closed half or waited a bit longer. The emotions of trading are real. It wasn't a bad trade but because the setups that I moved the money to are not paying off there is still a feeling that needs to be dealt with here.
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