long GKOS (glaukos corp)continuation pattern breakout with deep stop
very bullish staging on weekly, monthly, quaterly, yearly
high probability of follow through (80%)
entry $131
stop $119
max risk $96
sell a quarter at each fib node
+$26 (sell 2 shares at 1.32 fib and set stop to break even)
+$32 (sell 2 shares at 1.61 fib)
+$64 (sell 2 shares at 2.61 fib)
trail final 2 shares
GKOS trade ideas
GLAUKOS CORPORATION CourseHey guys, GLAUKOS CORPORATION is in a truly historic moment we can witness a new high in its history. It's in a bullish push with a hammer candle and a strong sell volume issued. The TIMEFRAME M1 shows an upside down hammer candle with a large buy volume executed which bounced off the high of the bollinger. GLAUKOS COPORATION is heading towards its last previous low point which is between the bollinger low and the VWAP. Then after swallowing, go and check the different levels of the bolinger, before interfering on the top of the equilibrium zone to test it.
Strong possibility of breaking the price with the return of momentum and then the zone to fit into the one above and make a new higher. With a test from the top of the equilibrium zone then after the top of the bullish channel by counting the symbolic price of 98.00.
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GKOS. Possible breakout resistant level$GKOS - Nearest resistance level 51.3. It was tried to knock 3 times . Bottom support levels are VWAP - 48.02, 200D EMA - 46.5, and gap level 44.8. With a stop at the level of 43.6 At a further decrease, you can buy near the support levels. In the paper 15.5% of the shorts, which was gained before the level 44.8.In case the price starts to rise, buy when crossing the level 51.3. with a stop of 48.5. TP1 - 57.5 TP2 -61.7, TP3 - 70.3.
It's not trading recommendation.