SPR, 2024-06-20, Long

Jun 20

Context:

• Weekly - Support Zone @ 30.53/28.48
  
• Daily - Trend line break; Retracement back to "Last Red" (block)
  
• 1h - BOS/CHOCH (you choose); "Firs Red" as entry/stop range (2x ATR (near term) rounded as stop buffer)
  

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• Main Target - Weekly Resistance Zone @ 34.36
  
• Breakeven stop @ 32.54
  
• 2/3s out @ 32.75 (Fib ext 1.0)
  

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Expected RR (at full) 4.64

Jun 21

Note

2/3s Target hit (filled @ 33.47); Stop on remaining position moved to breakeven. (Remaining position will be AON against the target and breakeven pricing)

*Seems like there are rumors, which caused the gap open.*

Jun 25

Note

Break even on the remaining position touched.

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Got a bump on the rumor and then out on the news. News is news...

Came out with a little over 2R on the 2/3s out.