SMS Pharma - Breakout trade
A stock which is on the verge of a breakout. The price has been compressing in a super narrow range and could move soon.
The stock had super volumes this past week.
There are 2 ways this stock could go..
Scenerio 1
Stock pulls back to 126-128..then see if it bounces there and buy with a SL below 120.
Scenerio 2
Long above 136 (smaller allocation) coz the SL initially would be below 120. Then double up above 140 with a SL below 136.
The stock had super volumes this past week.
There are 2 ways this stock could go..
Scenerio 1
Stock pulls back to 126-128..then see if it bounces there and buy with a SL below 120.
Scenerio 2
Long above 136 (smaller allocation) coz the SL initially would be below 120. Then double up above 140 with a SL below 136.
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