NET - 16.90% Potential Profit - Uptrend Corridor Bounce

17 août 2020

Support bounce in an Uptrend Corridor.

It might be a short-term trade (potentially intraday), depending on price action.

- 5-month uptrend
- RSI and STOCH well above 50 on the 5min
- MACD well above Signal on the 5min

Suggested Entry $39.14
Suggested Stop Loss $37.48
Target price $46.58

Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.

EDIT: Changed Entry / Stop Losses

17 août 2020

Note

*Re-Testing VWAP

22 août 2020

Trade fermée: cible de profit atteinte

2.89% profit

Lack of price action and disappointing volume.

27 août 2020

Note

Might re-enter at the below conditions:

Suggested Entry $40.05
Suggested Stop Loss $39.24
Target price $46.58