Globus Spirits is appearing to be on the verge of a breakout after forming a nice base over the last several days/weeks. The recent spike in volume on the Green days and the price action forming HH/HL is adding credence to the possibility of a breakout on the upper side. The company is expected to announce their quarter results later today..
Conservative traders might wait for the results and then can take an appropriate action, strictly following their Risk Management processes.
Conservative traders might wait for the results and then can take an appropriate action, strictly following their Risk Management processes.
Comment:
Stock has given a gap up today (15/06/2021) and the price is moving up on healthy volume. Trail your stop and closely monitor your RR to decide your trade strategy and exit.
Comment:
Stock hit 20% UC today.. Moving spectacularly.. Trail your SL as per your risk management system .. If anyone has been riding the rally from before the breakout, may consider booking partial profits.. Great stock for long term holding too.
Trade active:
While the momentum is slowing down, the stock is still making HH on a daily basis. One may book partial profit (or book out entire profit, based on your trade management rules)..