Big player changing hands, we should let them settle down. A 5 minute closing above 403 should be waited.
Comment
⋅
Might be stopped out soon in this ugly price action :)
Trade closed: stop reached
⋅
Comment
⋅
This trade didn't work. Let's see if I get an opportunity to test the second hypothesis near 397-398.
Comment
⋅
Bounced from support..let's see where it can take us.
Trade closed: target reached
⋅
First target hit same day. Position closed.
Comment
⋅
The stock has been a very good example of 'how stocks sometimes do not move as expected'. In the first try i was hit with stop, so later I wanted to buy it low as per second plan. But stock came out of the channel, hit the mentioned support level and made a bullish bar. First target was hit quite fast. Moral: Horrizontal support-resistance levels should be given more importance than trendlines and channels. Have fun :)