Trade Journal: Long $TNDM - 4/16/2020

Apr 17, 2020

TNDM has been on my watchlist for a long trade and today the trade triggered. Ever since bouncing from 44 lows to 70 TNDM has been consolidating sideways and formed a solid Ascending Triangle pattern. This pattern is also right under the 50DMA making this a potentially powerful breakout. I also like the fact TNDM is holding above the rising 5DMA.

Entry - 70.86
Stop Loss - 68.60
Target - 80

Apr 20, 2020

Note

Move up stop loss to 70.65. I plan to take initial profits near end of day.

Apr 20, 2020

Note

Took off 1/3rd at 93.18.

Apr 20, 2020

Note

Sorry meant 73.18*

Apr 21, 2020

Trade closed: stop reached

Got stopped out of the rest at 70.65. Good thing I took profits yesterday so I'm positive on this trade.