The price retraced back to the entry level that I was expecting when I closed the previous position. So re-entered as planned, with a position size of about 1.25% of the net capital. The expected move to the target level as of now, is of about 30% from the current entry level.
I'm totally aware of the downside risk of about 22%. And if at all the market crashes...
Although I initially entered with a single position comprising about 2.5% of the net capital, I had to book it in two separate levels. I closed half of the position at around breakeven levels and the remaining half for a profit of about 22.47% of the remaining invested capital. The looming recession worries and the potential global slowdown of economies don't give...
the airline's industry will definitely boom! especially low cost airlines like SW.
technicals
stock is consolidating and is in a good entry phase with a good RRR.
good buy for long term and short term trade.
mentioned the entry, exit and SL levels on the chart.
