crypto-dan18
Long

Retracement before impulsion

NASDAQ:GALT   GALECTIN THERAPEUTICS INC
28 vues
1
28 0
Time Unit: Daily
Trend: price is retracing back after recent highs, the price movement looks to be into a divergent channel trending high.
Strategy: wait the price action back to the below channel line (potential support for action) and buy at that level (in the 5,0 - 5,15 range);
Target: the price should climb back and reach out the upper channel line with a target at 8-9 $
Let's see how that works out..
Sep 17
Transaction en cours: Entered at 5,15 and surfing the wave!
First resistance (and target) is 6,90$; at this level a particular attention to the trading volumes to anticipate the break out (growing volumes) or the fall back (diminishing volumes);
if the resistance is broken then min target is 8$, while 9$ will be the optimum (next resistance level).
Let's see how that works out..
Sep 21
Transaction en cours: 6,90$ resistance breakout with increasing volumes. that's a good news!
My new target is now 8$, but we should preserve the gains in case of a fall back... because the variations are pretty high, I'll set a "mental" stop quite low, around 6.50$ and keep on monitoring. I'm not setting a "real" stop (with an order) to avoid its triggering in case of some flash crack in the following hours... I'll take further decisions end of today.
I keep on riding. Let's see..
Sep 27
Trade fermée: ordre d’arrêt atteint: well, it turned out the wrong direction... the diagonal line has been broken with volumes and the mental stop is well behind; surf is over and took a small profit.
Now what? price action seems to go back to toward the support at 5,20-5,30, which is the previous low and the MA30 days;
Strategy: no action for the moment until we get there..
Oct 03
Commentaire: Here we are, we got closed to the 5,30.... is it going to bounce back? I believe so...
but still, I would need some further signal.. so I keep watching for now.
No action.
Accueil Filtre d'actions Filtre Forex Filtre Crypto Calendrier économique Shows Comment ça marche Caractéristiques du graphique Prix Règles de conduite Modérateurs Solutions site web & courtier Widgets Solutions de cartographie Bibliothèque de graphiques allégés Centre d'aide Parrainer un ami Demande de fonctionnalité Blog & News Questions Fréquentes Wiki Twitter
Profil Paramètres du Profil Compte et Facturation Parrainer un ami Mes tickets au support Centre d'aide Idées Publiées Suiveurs Suivi Messages privés dialogue en ligne Se Déconnecter