ENDP - Channeling Reversal (Re-entry)

12 août 2020

SWING TRADE
ENDP UPDATE: So this is the second entry at the second support level (after being stopped out at the first support level of 3.29. Again, risky since we're only playing off the support as the signal. Thus, will again use a tight stop loss to mitigate the risk. Not loving this pattern as the down trend seems strong when looking at a longer time frame now, but we'll see how it plays out.

Reason:
1) Bounce off support

Entry: 3.13
Target: 3.64
Stop Loss: 3.08
Risk Reward: 10.00