GRRR - Short term hit and hope

643
Purely a technical play. Stock had a very strong run up and has pulled back a long way.

A small recovery run might return ~30%

Tight stop loss around $11 in case it moves the wrong way.
Note
Nice move on that candle. I gained 13% so far. Will see how it plays out.

snapshot
Note
Strong move up. Might still be more in it. Overall markets a bit shaky which doesn't help.

snapshot
Note
Out of the ballpark hit.

snapshot
Trade closed: stop reached
Got stopped out. Will post a new trade idea for the next stop.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.