Trade the pullback of this downtrend

17 août 2017

RDC is in a huge, or better huuuuhuuuuggeeee, downtrend. a couple weeks back, I already had an good idea with it and even got a good amount of profits out of this one. I thought we were at the bottom at this time, but now I see, we are only continuing the downtrend.

On the daily chart there is a small green candle already, if I can see one on the 4H chart later, I will go long and take a swing in this retracement.

SL: around 8.75
Target: the red resistance, or in numbers, for me: 10.50

I am waiting for this stock to get its trend reversal in order to make me rich, and until it comes, I will keep swinging this one.

Good trades and good luck!

(I gave you my last trade on this chart, as it was a very successful swing)

22 août 2017

Note

Well, looks like the trendreversal wanst there...

25 août 2017

Note

SL wa not hit, and we are in profits right now.

SL is moved to break even.