TPW | ATH BO | Buy on breakout

Jun 8, 2020

ENTRY: Intraday buy because I can see that the price is already breaking in and out the ATH. My bias is that it will close above the ATH and it deed. The buy candle is the highest candle in the box or consolidation.
TP: Resistances - Box breakdown, RSI, MA breakdown
SL: ATH breakdown.

BAD: No momentum even though it is already ATH and forming HH so far. Holdingfor 9 days now with just 5% gain.

https://www.tradingview.com/x/960OKWak/

Jun 12, 2020

Trade closed: stop reached

Closed with losses :( What's with market yesterday?

Jun 23, 2020

Note

Recovered after I sell on the long red candle. It's trailing the MA20
Learning: ATH indeed has strong upside. It's not easily be pulled down.

Jun 23, 2020

Note

Buy back:

Sep 1, 2020

Trade closed: target reached

TP not followed but decided to sell at the top of the brekaout. It looks like it will consolidate after the breakout so I sold on top then just re-enter later. Waiting is too long for the consolidation - 74 days total waiting period.